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![The total bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported.](https://bitcoinmagazine.com/.image/t_share/MTg1ODU3NTQzNTgxNTQxNTA1/bitcoin-balance-on-exchanges.png)
Bitcoin balance on cryptocurrency exchanges.
Total bitcoin on exchanges has hit another three-year low today, with 2,408,237 BTC across all reported exchanges.
![The total bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported.](https://bitcoinmagazine.com/.image/t_share/MTg1ODU3NTQzNTgxNDc1OTY5/bitcoin-balance-on-exchanges-2.png)
Total bitcoin balance on cryptocurrency exchanges peak versus now.
When looking at the net daily transfer volume on exchanges with a 30-day moving average applied, it can be seen how different this recent sell-off and subsequent derivatives market liquidation was compared to the one seen in April/May.
During the May sell-off, 5,149 BTC were deposited per day on average during the peak of the sell-off. Comparatively, today 1,178 BTC have been withdrawn from exchanges per day on average over the last month.
![The total bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported.](https://bitcoinmagazine.com/.image/t_share/MTg1ODU3NTQzMzEzMDQxMDkx/bitcoin-net-transfer-volume-from-and-to-exchanges.png)
Net transfer volume of bitcoin from and to cryptocurrency exchanges.
We can also take the 30-day moving average of exchange netflow and adjust it by adjusted supply (circulating supply adjusting for lost coins).
The green and red arbitrary thresholds are times when 0.7% of bitcoin’s adjusted supply were withdrawn or deposited on exchanges respectively.
![The total bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported.](https://bitcoinmagazine.com/.image/t_share/MTg1ODU3NTQzMzEzMDQwNTEz/bitcoin-exchange-percentage-netflow.png)
Bitcoin on exchanges, percentage of netflow/adjusted supply.