Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12%

Quick Take

• Bitcoin exchange balance falls below 12%; this was first achieved at the beginning of 2023.
• We now see substantial coins leaving exchanges; the equivalent 12% is 2.3 million Bitcoin.
• Binance holds roughly 3.5% (686,000), while Coinbase holds 2.3% (461,000).
• The black lines represent halvings, with the next halving approaching April 2024; this current halving is the first time we see a drop in exchange balance.

The post Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12% appeared first on CryptoSlate.