The daily outflow was the largest since March 1, while Bitcoin held on centralized exchanges stood at about 6.50% of total supply.
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Is the Bitcoin offer drying out now? While the cryptocurrency is fighting for $84,000, investors withdraw their coins from the stock exchanges. Source: BTC-ECHO BTC-ECHO
Key points of the news: About 24.073 BTC came out of the exchanges in a single day, the largest net daily withdrawal in seven months, according to Santiment. Bitcoin's reserves in exchanges fell to 6.50% of the total supply, which reduces the offer available for sale on the market. Bitcoin's ETFs are ... Read more
On Monday, a net 24,073 BTC left exchanges, marking the largest daily outflow in seven months. Approximately 6.5% of the Bitcoin supply remains on exchanges, indicating a decline in mid-sized investor deposits.