{"id":177891,"date":"2023-10-20T16:37:01","date_gmt":"2023-10-20T11:07:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177891"},"modified":"2023-10-20T16:37:01","modified_gmt":"2023-10-20T11:07:01","slug":"bitcoin-exchange-balance-plummet-to-year-to-date-low-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-exchange-balance-plummet-to-year-to-date-low-crypto-news\/","title":{"rendered":"Bitcoin exchange balance plummet to year-to-date low – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Bitcoin exchange balances have been witnessing a noteworthy trend of outflows, reaching a year-to-date low of 2.3 million Bitcoin recently. This movement was underscored by Bitcoin breaking through the $29,000 mark, a milestone accompanied by a seismic shift of $200 million worth of Bitcoin moving away from exchanges yesterday, Oct. 19.<\/p>\n

This indicates a significant shift in Bitcoin holdings from exchanges to private wallets, possibly signaling increased investor confidence in holding onto their assets amid market volatility.<\/p>\n

The trend was particularly pronounced for certain exchanges. Bittrex, for instance, experienced its largest outflow since May 2023, with a notable departure of approximately $40 million.<\/p>\n

Exchange Netflow: (Source: Glassnode)<\/figcaption><\/figure>\n

Binance, on the other hand, saw an even larger outflow, amounting to roughly $150 million, marking one of its most substantial outflows this year.<\/p>\n

\"Exchange
Exchange Netflow: (Source: Glassnode)<\/figcaption><\/figure>\n

The post Bitcoin exchange balance plummet to year-to-date low<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Bitcoin exchange balances have been witnessing a noteworthy trend of outflows, reaching a year-to-date low of 2.3 million Bitcoin recently. This movement was underscored by Bitcoin breaking through the $29,000 mark, a milestone accompanied by a seismic shift of $200 million worth of Bitcoin moving away from exchanges yesterday, Oct. 19. This indicates […]<\/p>\n","protected":false},"author":2,"featured_media":177892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-177891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177891"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177891\/revisions"}],"predecessor-version":[{"id":177893,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177891\/revisions\/177893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177892"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}