Exchange Supply %
What it shows
Exchange supply shows how large a share of coins sits in exchange wallets: i.e. how much potential sell-side supply is at hand.
How to read it
A sustained outflow of coins from exchanges has historically accompanied accumulation phases (fewer coins for immediate sale). Inflows to exchanges were sometimes a prelude to increased supply. Look at the trend, not a single day.
Parameters
- Exchange supply share
- A drop = coins moving to private wallets (less supply pressure); a rise = preparation to sell.
- Positive reading: Falling exchange supply: historically accumulation and reduced selling pressure.
- Negative reading: Rising exchange supply: historically building sell-side supply pressure.
- Neutral reading: Flat supply: no clear flow either way.
Example
Exchange supply falls to 13.4% and keeps shrinking, as coins move to private wallets (accumulation), which historically reduced selling pressure. A rising share on exchanges historically meant building sell pressure; a stable level is balance.