This is what keeping Bitcoin on exchanges does. Just like banks can lend more than they hold, exchanges could sell more paper Bitcoin than they actually have and still keep the balance sheet in check. I'd be curious to see what happens when people start withdrawing.

@saylor, people need to withdraw Bitcoin from exhcanges. Think about it!

What is this? Are people really rotating to ALTs? Don't make me start posting again!

2,950,000 Bitcoins

🚨🚨🚨🚨🚨🚨 The Bitcoin exchange balance has been steadily falling for over a month. More than 100k Bitcoins removed!

Bitcoin exchange balance is still going down

🚨🚨🚨 7,000 $BTC gone

🚨🚨🚨🚨🚨 70,000 Bitcoins scooped up in the last 30 days

Last 2 weeks

🚨🚨🚨🚨🚨 Timberrrrrr

Almost 30k Bitcoin were withdrawn from exchanges in the last two weeks! 🚨🚨🚨🚨🚨

The easiest way to earn $50 as a creator on @X is to cancel your subscription.

3,021,029 $BTC

🚨🚨🚨 3,007,310 $BTC (-6,880 in 24h)

Bitcoin exchange balance over the last 3 months.