Bitcoin balances on exchanges
Conclusions The significant spike in the size of deposits and withdrawals following the price crash in early March indicates that market participants were making larger-than-usual trades in response to the crash. Following the recent price crash, the balance of BTC on exchanges has decreased by almost 7, despite unusually large exchange deposits. BTC at the time of publication, but four months ago, Binance held 266k.
Still, back then Okex had 198,000 BTC in reserves and it now holds 187,000 BTC. Falling Bitcoin Balances Across Crypto Exchanges Reducers Selling Pressure on BTC. Thats 34,000, bTC thats left the my crypto wallet San Francisco exchange in the last 21 weeks.
The number of daily BTC deposits to exchanges is at its lowest point in over 3 years (. A whopping 189,000 bitcoin was withdrawn from the top five leading cryptocurrency exchanges since October 2020. Glassnodes data shows.3 million bitcoin balances on exchanges BTC are still left on trading platforms, the lowest figure seen since July 2018, when bitcoin was trading at about 7,400. The price of bitcoin (BTC) is doing well this week and at the time of writing, the leading crypto asset is currently exchanging hands for 53,820 per coin.
Kraken was the seventh-largest bitcoin balances on exchanges bitcoin exchange balance holder and today, Kraken has captured the fourth position. However, today Huobi has been pushed down to the third position and replaced by Binance.
Featured image via Pixabay. After dropping from an bitcoin balances on exchanges all-time high above 58,000, the cryptocurrencys price dropped to a 43,000 low. The top five cryptocurrency trading platforms, in terms of transparent bitcoin balance rank, are pictured in the screenshot below. While the total volume of exchange inflow (in BTC terms) is lower than the total outflow, it is still at relatively high levels when compared to longer-term historical data. This was also after the exchange saw 36,000.
The volume of deposits to exchanges is uncharacteristically large. All data is provided for information purposes only.
The stats can be seen leveraging Glassnodes BTC exchange balance data and by looking at individual exchanges using Bituniverses Exchange Balance Rank. Binance is now the second-largest holder in terms of crypto exchange balances. Exchange balance via ViewBase, as, decrypt reports, data from on-chain analytics platform Glassnode points to a similar trend, showing over 52,900 BTC moving off of cryptocurrency exchanges from February 23 to March.
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