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Bitcoin is exiting exchanges at the fastest pace since mid-2021 and is on track to set new historic records in U.S. dollar terms.
Bitcoin is leaving exchanges at the quickest rate in years as BTC price action vies for all-time highs.
In a post on X on March 3, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals.
BTC exchange withdrawals echo 2021
Mainstream investors may not yet have returned to crypto, but in the background, Bitcoin exchanges are getting drained of BTC reserves.
Uploading data from on-chain analytics firm Glassnode, Van Straten revealed that on March 1 alone, withdrawals were around $2 billion.
cointelegraph.com
Bitcoin is leaving exchanges at the quickest rate in years as BTC price action vies for all-time highs.
In a post on X on March 3, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals.
BTC exchange withdrawals echo 2021
Mainstream investors may not yet have returned to crypto, but in the background, Bitcoin exchanges are getting drained of BTC reserves.
Uploading data from on-chain analytics firm Glassnode, Van Straten revealed that on March 1 alone, withdrawals were around $2 billion.
Bitcoin daily withdrawals challenge records as $2B leaves exchanges
Bitcoin exchange withdrawals in U.S. dollars are unlike anything seen for years, new BTC balance data shows.
cointelegraph.com
