Update
Bitcoin Supply on Exchanges Shrinks
A CryptoQuant researcher notes that the amount of Bitcoin on exchanges has dropped to 2.67 million from 2.8 million since February. Bitcoin's price has recently stabilized at $83,485, up 8% over the past 30 days. The researcher suggests that if buying demand continues to improve while exchange supply remains low, Bitcoin could benefit from a supply-demand imbalance, potentially leading to a longer-term upward trend.