CandleFocus Bitcoin Exchange Holdings Plummet: 200K BTC Withdrawn in 60 Days
2024-12-19
Author: Content Editor
Over the past 60 days, over 200,000 BTC have been withdrawn from various cryptocurrency exchanges, indicating a shift in market sentiment, according to crypto analyst HODL15Capital. The largest outflows occurred at Coinbase, which lost 86,316 BTC, followed by Binance with 42,865 BTC. Other exchanges such as Kraken, Gemini, Upbit, Bitfinex, and Robinhood also experienced withdrawals. The total Bitcoin held across all exchanges now stands at 2,435,446 BTC. This decline in exchange holdings aligns with the recent drop in Bitcoin's price, which opened at a high of $104,750 but declined to $99,000 before reaching $101,136 at the time of writing. Despite the price drop, trading volume has surged, indicating increased market activity.
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