Bitcoin hit a new all-time high above $125,000 on Coinbase, with a previous peak of $124,500. The amount of Bitcoin on centralized exchanges dropped to a six-year low of 2.83 million BTC, with over 114,000 BTC worth $14 billion leaving exchanges in recent weeks. This indicates holders are opting for long-term storage over selling. Exchanges may soon run out of Bitcoin due to high demand.

Read more at Cointelegraph: Bitcoin Exchange Balance Drops To Six-Year Low Amid Shortage