PiCK
Major Exchanges See Decrease in Bitcoin (BTC) Holdings... 71,000 BTC Withdrawn from Coinbase Pro in a Month
Minseung Kang
- It was reported that the Bitcoin holdings in major exchanges are significantly decreasing.
- It was found that 71,000 Bitcoins and 18,000 Bitcoins were withdrawn from Coinbase Pro and Binance, respectively.
- This is interpreted as investors moving Bitcoin to personal wallets for long-term holding.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The Bitcoin (BTC) holdings of global cryptocurrency exchanges such as Coinbase Pro are showing a downward trend.
According to Coinglass, a cryptocurrency market data analysis firm, the Bitcoin held by Coinbase Pro has decreased by 71,922 BTC over the past 30 days, now standing at 733,058.95 BTC. During the same period, the Bitcoin held by Binance also decreased by 17,883 BTC, recording 570,371.67 BTC.
A decrease in the number of Bitcoins held by exchanges is generally interpreted as investors moving their Bitcoins to their own wallets for long-term holding, believing in a price increase.
Meanwhile, the BTC price is trading at $96,853, down 0.48% from the previous day, based on the Binance USDT market at 12:50 PM today.
Minseung Kang
minriver@bloomingbit.ioBloomingbit reporterPiCK News
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