Bitcoin liquidity moves to non-KYC exchanges as US reserves thin

During Bitcoin’s climb to a new ATH above $111,000 in late May, a silent but measurable reshuffling has occurred in the market: more BTC is now held on offshore exchanges than on regulated platforms in the US, and volumes are steadily leaking from KYC-compliant venues. source: https://cryptoslate.com/bitcoin-liquidity-moves-to-non-kyc-exchanges-as-us-reserves-thin/