Exchange Bitcoin Reserves Hit Five-Year Low, $5.96 Billion Withdrawn in 30 Days
In the past month, since July 11, 2024, 99,308 BTC have been withdrawn from exchanges, valued at $5.96 billion. Currently, data from cryptoquant.com shows that centralized exchanges hold 2,679,880 BTC, which is worth about $161 billion based on the Bitcoin exchange rate on Sunday, August 11th. The last time reserves were this low was on November 19, 2018 during the Bitcoin bear market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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