![Bitcoin [BTC] Held in Exchange Wallets Rising at Pace of $1.16B a Month, Data Show](https://cryptocentralized.com/wp-content/uploads/2023/11/1700464746_5BIDCI3BXZHRNFQJO3WU7TNVWQ.jpg)
Blockchain analytics firm Glassnode’s bitcoin exchange net position change metric, which measures the number of coins held by exchange wallets on a specific date compared to the same date four weeks ago, rose to 31,382.43 BTC ($1.16 billion) on Sunday, the highest since May 11, 2023. That has lifted the total balance held on exchanges to 2.35 million BTC.
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