via Cointelegraph · By Cointelegraph Staff
Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?
BTC/USDT
$29,813,038,496.90
$61,962.40 / $58,115.01
Change: $3,847.39 (6.62%)
+0.0001%
Longs pay
Bitcoin (BTC) reserves on major crypto exchanges have dropped to their lowest level since 2023, with nearly 100,000 BTC withdrawn from Binance, OKX and Gemini in less than three months.
The outflows coincided with stronger demand from accumulator addresses, as the cohorts' holdings have increased by 60.5% over the past two weeks.
Bitcoin exchange reserves fall to two-year low
Crypto analyst…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on Google