![Bitcoin loses $24k – as 15k coins go back onto exchanges, profits get realized](http://cryptoslate.com/wp-content/uploads/2023/02/exchange-balance.jpg)
2023-2-17 12:22 |
Quick Take Bitcoin broke below $24,000 on Feb. 17, as coins returned to exchanges while short-term holders realized large amounts of profit. Over 15,000 BTC went back onto exchanges from a range of cohorts — from small to big players. Year-to-date (YTD), only 2,000 BTC have been withdrawn from exchanges. Net realized profit was seen at almost $400 million, the highest amount just before the collapse of FTX back in November 2022. Balance on exchange: (Source: Glassnode) Net realized profit/loss: (Source: Glassnode)
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