After the highly anticipated Bitcoin halving on Monday, May 11, the post halving period kicked off with a positive sign of $200 million worth of bitcoin outflow from online exchanges. 

According to Cointelegraph, users have removed 23,540 bitcoins from exchanges – most possibly to transfer their tokens to safer wallets, rather than hoarding the currency for sale. The most significant inflow of BTC to exchanges ever recorded happened on March 12, the Black Thursday, when bitcoin’s price almost shrank by 50%.

By Yiran Dai