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
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