More than 30k Bitcoin left Coinbase yesterday...
Michael Saylor, was that you?!
More than 30k Bitcoin left Coinbase yesterday, which was the largest amount in over 2 years.
Check it out:
(source: https://twitter.com/BTC_Archive/status/1503741424604487689/photo/1)
Total, roughly 50k bitcoin left exchanges across all Exchanges.
There are many reasons to transfer money off of exchanges, but really one reason to transfer them to an Exchange.
Which means...
This reduces potential sell pressure going forward.
We are now at 4 year lows in terms of number of bitcoin sitting on Exchanges.
Even more impressive when you factor in that 900 new bitcoin have been created every day for the last 2 years, and it was 1800 for the 2 years prior to that...
Wow! Very interesting! Things should make a move soon.
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Upvoted! Thank you for supporting witness @jswit.
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@jondoe great post sir.
Please mind checking my blog post on Bitcoin and crypto market, and please share my posts if you like.
https://steemit.com/bitcoin/@shaarifusmani99/bitcoin-market-update-and-on-chain-data-analysis
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Buy more STEEM, your vote gets bigger the more STEEM Power you have.
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