Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12%

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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Bitcoin (BTC) на Currencies.ru

$ 68693.99 (-0.14%)
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bitcoin below balance exchanges substantial beginning 2023

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Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges

Since February, Bitcoin has fallen to its lowest price, breaking below $60,000 and hitting $56,900 as of press time. The price is now 23% below its recent pre-halving all-time high of $73,000. Data from Coinglass shows that Binance, the most liquid exchange for Bitcoin trading, has several buy walls in the order book down to […] The post Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges appeared first on CryptoSlate.

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