2023-5-18 12:30 |
Quick Take Bitcoin exchange balance falls below 12%; this was first achieved at the beginning of 2023. We now see substantial coins leaving exchanges; the equivalent 12% is 2.3 million Bitcoin. Binance holds roughly 3.5% (686,000), while Coinbase holds 2.3% (461,000). The black lines represent halvings, with the next halving approaching April 2024; this current halving is the first time we see a drop in exchange balance. Exchange Balance: (Source: Glassnode)
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