Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges
Sponsored
Sponsored
Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin. Despite the…
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bitcoin is experiencing a surge in outflows from centralized crypto exchanges, hitting its highest level in eight months, indicating a significant shift in market dynamics. Interestingly, this trend coincides with a rapid accumulation among crypto whales, pointing towards a transformative phase for Bitcoin’s valuation. Bitcoin Outflows Hit $540 Million On-chain…