Express

Exchanges See Biggest Withdrawal of Bitcoin Ever When BTC Price Approaches $10K

Yiran Dai

Summary: According to the Daily Hodl, crypto exchanges are seeing the sharpest drop ever in bitcoin balances as traders move the currency to their wallets, based on data from Glassnode, the crypto data platform.

According to the Daily Hodl, crypto exchanges are seeing the sharpest drop ever in bitcoin balances as traders move the currency to their wallets, based on data from Glassnode, the crypto data platform.

Analysts from Glassnode said, “The number of BTC on exchanges has been steadily decreasing since the crash in March, and is now approaching a 1 year low. This is the largest and most prolonged BTC exchange balance downtrend in Bitcoin’s history.” 

Bitcoin’s trading price has been approaching the $10,000 bar lately, according to Bitpush Market Data, especially when the price hit $9909 on May 18.

By Yiran Dai

Last Update:

Tags: ,
Link: Exchanges See Biggest Withdrawal of Bitcoin Ever When BTC Price Approaches $10K   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 14 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago

    • You need to login to comment.