Traders Unwinding Positions and HODLers Withdrawing Bitcoin from Exchanges

in hive-116221 •  4 years ago 

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Ever since the March sell-off, the amount of Bitcoin sitting on the centralized cryptocurrency exchanges has declined. This has now fallen to the levels last seen in November 2018.

In mid-February, the crypto exchange's BTC balance was at its peak at 2.97 million BTC, which dropped 13% to 2.57 million, as per Glassnode.


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