![Bitcoin [BTC] Held in Exchange Wallets Rising at Pace of BTC exchange net position change vs BTC's price since 2020. (Glassnode)](https://btcusa.com/wp-content/uploads/2023/11/Bitcoin-BTC-Held-in-Exchange-Wallets-Rising-at-Pace-of-678x381.jpg)
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Blockchain analytics firm Glassnode’s bitcoin exchange net position change metric, which measures the number of coins held by exchange wallets on a specific date compared to the same date four weeks ago, rose to 31,382.43 BTC ($1.16 billion) on Sunday, the highest since May 11, 2023. That has lifted the total balance held on exchanges to 2.35 million BTC.
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