BTC balances on Bitcoin exchanges have fallen by nearly $10 billion in 2024.


About $10 billion worth of bitcoin has left cryptocurrency exchanges since the launch of spot exchange-traded funds (ETFs) in the United States. Data from analytics firm Glassnode shows that exchanges have fallen by more than 136,000 BTC since January 11. Bitcoin's supply dynamics continue to tilt in favor of the bulls as exchanges have seen massive withdrawals this quarter. Spot Bitcoin ETFs in the U.S. have been trading for less than three months, but in that time, about $9.5 billion worth of BTC has been withdrawn from major trading platforms
#Suggested Topics
BTC0,09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Wafufuvip
· 2024-03-30 17:36
To Da Moon 🌕Buy the Dip 🤑WAGMI 💪Keep BUIDL🧐Wen Lambo? 🏎️Diamond Hands 💎Don't FOMO/FUD 🙅BTC Halving to Moon 🚀
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt