Roughly 1.1M Bitcoin has left exchanges since March 2020

2023-2-9 14:39

Definition

The total amount of coins held on exchange addresses.

Quick Take Bitcoin (BTC) held on exchanges hit an all-time high of 3.2 million BTC in March 2020. However, 1.095 million BTC has been moved off exchanges in the 35 months since then — accelerated by the collapse of Terra LUNA and FTX in 2022. Roughly 600,000 BTC was taken off exchanges during 2022 alone. The total BTC balance on exchanges stands at 2.2 million BTC as of Feb. 9 — equating to roughly 11.7% of the Bitcoin circulating supply on exchanges. Exchange Balance: (Source: Glassnode)

The post Roughly 1.1M Bitcoin has left exchanges since March 2020 appeared first on CryptoSlate.

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march roughly 2020 exchanges bitcoin left addresses

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