Bitcoins are leaving exchanges😱?

According to the latest data by #Glassnode, the total amount of Bitcoin on exchanges has fallen to 2.3 million BTC, the lowest level since 2018.

The peak was 3 Million BTC which was reached in Feb 2020 from that there is a 21% #drop in the volume of BTC on the exchanges📉

People are estimating that Bitcoins are moving to Cold Storage & leaving the #exchange wallets as there is always a risk which is attached that “Not Your #Keys, Not Your #Wallet”.

On this Glassnode CTO Rafael Schultze-Kraft said Bitcoin could be being moved into cold storage for the long term. He argued this could lead to a supply crisis. “I think this is extremely bullish for the price of #Bitcoin,” he said,

#bitcoin #cryptocurrency #exchange # #blockchain

#Glassnode Data

Don't believe & fall for the FUD, trust the facts & on-chain data. The data clearly shows that Binance has more than enough coins in their wallets.

#Glassnode data:

December was historically quiet with respect to realized market volatility.

Bitcoin  1-month volatility reached an extreme low of just 24.6%, with lower levels only been seen on a handful of occasions, notably:
- Nov 2018
- Apr 2019
- Aug 2020