Bitcoin (CRYPTO: BTC) is undergoing a notable shift beneath the surface of daily price action, as the amount of Bitcoin held on centralized exchanges continues to decline to levels last seen several years ago. The ongoing drawdown in exchange reserves reflects deeper changes in how the asset is held, traded, and valued as the market matures.Exchange Reserves Drop To Critical LevelsOn-chain data from multiple analytics providers indicates that Bitcoin balances on centralized exchanges have fallen into an est ...