Bitcoin exchange reserves have reached an all-time low, with on-chain data indicating a drop to between 2.43 and 2.70 million BTC as of March 10, 2026. This marks a significant decrease from over 3.20 million BTC in 2023, highlighting a contraction of nearly one million units in under three years. The decline in exchange-held Bitcoin suggests a shift towards long-term holding, as investors move their assets to private custody. The scarcity of Bitcoin is becoming more pronounced, with over 95% of the total 21 million BTC already mined. This limited supply, coupled with reduced exchange reserves, underscores the asset's scarcity. The current Bitcoin price stands at approximately $70,600, following a 4-5% increase in the last 24 hours, driven by heightened market activity and increased institutional and retail participation.