Over 10 percent of total Bitcoin supply is stored in crypto exchanges, according to data from Glassnode. This is a considerable increase, in light of the fact, that in November 2019 the percentage was 6.7 percent of total supply.
He referred to this as Bitcoin centralizing exponentially. At the same time, in terms of asset centralization, Bitcoin shows a lower level than other altcoins.
As previously reported, wallets of eight major cryptocurrency exchanges store almost 7% of the entire circulating supply of Bitcoin (BTC). Estimated 1.2 million coins is held in the wallets of eight major exchanges, which were described as “the biggest HODLers.”