• Bitcoin’s exchange reserve dropped progressively during February.
• The number of whale entities increased by nearly 4% over the past month.

Nearly 50,000 Bitcoins [BTC] were withdrawn from centralized exchanges throughout February, causing a sharp dip in the world’s largest cryptocurrency’s “available to buy” supply.

As analyzed by AMBCrypto using CryptoQuant’s data, Bitcoin’s exchange reserve dropped progressively during the month, even as its market price spiked by 44% at the same time.