Bitcoin Exchange Balance Hits Lowest Value Since 2018: Implications

Bitcoin Exchange Balance Hits Lowest Value Since 2018: Implications
фото показано с : nulltx.com

2023-7-7 12:30

The decline in the Bitcoin balance held on exchange addresses, reaching a value of 2.26 million BTC, represents a significant shift in the dynamics of the cryptocurrency market. This balance is the lowest recorded since March 14, 2018, marking a span of 1,939 days. Such a trend indicates a gradual migration of Bitcoin away from centralized exchanges and towards other types of wallets, such as personal wallets or decentralized exchanges.

Bitcoin Exchange Balance Source: Glassnode

There are several factors that could contribute to this decline. One possibility is increased awareness among Bitcoin holders about the risks associated with keeping their funds on exchanges. Historical events like the Mt. Gox hack in 2014 and subsequent exchange breaches or collapse like FTX have highlighted the vulnerabilities of centralized platforms, making investors more cautious. As a result, individuals are opting to take control of their private keys and store their Bitcoin in more secure and decentralized ways.

Additionally, the rise of decentralized finance (DeFi) platforms and non-custodial exchanges may be playing a role in the decreasing exchange balances. DeFi offers users the ability to trade and lend their cryptocurrencies without relying on centralized intermediaries. This shift aligns with the core principles of cryptocurrencies, promoting financial sovereignty and removing the need for trust in centralized entities.

Furthermore, regulatory changes and restrictions in certain jurisdictions may also be influencing the decline. Governments and regulatory bodies have become more proactive in establishing rules and guidelines for cryptocurrency exchanges, which could lead to users withdrawing their funds from these platforms to avoid potential risks or uncertainties.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: thodonal/123RF// Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Доступно / Всего 1.123b SAFEX

balance bitcoin 2018 lowest value exchange cryptocurrency

Источник: nulltx.com

balance bitcoin → Результатов: 126


Global liquidity tightens amid central banks’ balance sheet contraction: impact on S&P 500 and bitcoin

Quick Take Understanding global liquidity is crucial in financial analysis, as it provides insights into the available financial resources for investment. It comprises several components, including: Federal Reserve (Fed) Balance Sheet Reverse Repurchase Agreements (Reverse Repo) Treasury General Account (TGA) Fed Remittances Balance sheets of major central banks: Bank of Japan (BOJ), European Central Bank […] The post Global liquidity tightens amid central banks’ balance sheet contraction: impact on S&P 500 and bitcoin appeared first on CryptoSlate.

2023-7-4 13:01


Фото:

Bitcoin Future Hangs In The Balance: What To Expect In The Coming Weeks

Bitcoin, the leading cryptocurrency by market capitalization, seems to have entered a phase of consolidation above the $30,000 mark following a notable surge of over 10% on Tuesday.   While the price movement has generated a lot of interest among investors, it remains uncertain whether Bitcoin will maintain its upward momentum or experience a pullback in the coming days.

2023-6-24 00:00


On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals

Key Takeaways The SEC sued Binance on Monday and Coinbase on Tuesday 5% of Coinbase’s Ethereum balance was withdrawn Tuesday, with around 3% of Binance’s reserves withdrawn Overall, the movements are not significant compared to previous episodes or average daily outflows Bitcoin saw even less withdrawals, negligible amounts withdrawn from each exchange Coinbase’s lawsuit presents […] The post On-chain report: Where are funds moving after SEC sues Coinbase? Ether outpacing Bitcoin withdrawals appeared first on CoinJournal.

2023-6-9 10:36


Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

Marathon Digital Holdings reported quarterly results for its cryptocurrency mining operations on May 10. Fried Thiel, chairman and CEO of Marathon, said: “After weathering a tumultuous 2022 … this year is off to a strong start as we grew our hash rate, reduced our cost to mine, and improved our balance sheet during the first […] The post Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1 appeared first on CryptoSlate.

2023-5-11 02:28


Least amount of Bitcoin on exchanges since the previous bull market top in December 2017

Key Takeaways The balance of Bitcoins on exchanges is in constant decline, now at the lowest point since December 2017  Meanwhile, long-term investors continue to hold, soaking up the supply Coins that have not been touched in 10 years now outnumber those held on exchanges  I wrote a piece last week on the exodus of […] The post Least amount of Bitcoin on exchanges since the previous bull market top in December 2017 appeared first on CoinJournal.

2023-4-4 16:53


MacroSlate Weekly: Bitcoin shines through banking failures, bailouts

Macro Highlights U.S inflation is too high for rate relief but mostly in line with expectations ECB raised a further 50bps taking their deposit facility rate to 3% Silicon Valley Bank files for chapter 11 bankruptcy Credit Suisse and First Republic Bank continue to be provided with liquidity Fed initiated stealth QE as balance sheet grows […] The post MacroSlate Weekly: Bitcoin shines through banking failures, bailouts appeared first on CryptoSlate.

2023-3-20 23:21


Питер Шифф рассказал, почему MicroStrategy инвестирует в биткоин

Компания MicroStrategy купила первую криптовалюту, чтобы избежать ликвидации. Об этом заявил президент Euro Pacific Capital Питер Шифф. For the first time I heard @saylor admit that adding #Bitcoin to the @MicroStrategy balance sheet was basically a Hail Mary to avoid liquidating the company.

2022-12-22 20:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Sky’s USDS goes multichain with Solana launch

Sky, formerly known as Maker, has launched its USDS stablecoin on Solana to introduce the network’s “first major Defi-native stablecoin.” According to a Nov 19 announcement, USDS is expected to enhance lending, borrowing, and trading on the network’s leading DeFi…

Immutable receives SEC Wells notice over 2021 IMX token sales

United States Securities and Exchange has targeted blockchain gaming platform Immutable potentially targeting its listing and private sales of the IMX token in 2021. According to a Nov. 1 statement from Immutable, the SEC issued an “accelerated” Wells notice following…

RAY forms cup and handle as Raydium’s DEX volume spikes

Raydium, the largest decentralized exchange on the Solana blockchain, is firing on all cylinders as its token and volume rise. Raydium (RAY) token rose for six consecutive days, reaching its highest point since July 21. It is up 115% from…

Binance market share regressed to 2020 levels

Crypto’s largest exchange, Binance, lost market share during Red September while competitors captured more user trading volume. According to an Oct. 3 CCData report, Binance spot and derivatives trading volumes declined 23% and 21% each as centralized crypto exchange activity…