The data of the analytical company indicates that the last wave of withdrawal of the first cryptocurrency from trading platforms began in mid-July and continues to this day.
In mid-October, the outflow of bitcoins from cryptocurrency exchanges slowed down. This is indicated by data from the analytical company Glassnode. According to analysts, the last wave of the outflow of the first cryptocurrency began in mid-July. Prior to that, from May to July, there was a period of bitcoin inflow to trading platforms.
Often, the outflow of funds from crypto exchanges is associated with active purchases. For example, on the evening of May 19, after the bitcoin rate fell by a third per day, to $ 30 thousand, the largest withdrawal of digital coins in a year was recorded. Users withdrew about 175 thousand BTC for $ 7 billion to cold wallets at the exchange rate at that time.
At the end of July, the number of bitcoins on crypto-exchanges dropped to a minimum since 2018, when the value of the main cryptocurrency dropped to $ 30 thousand.Then more than 50 operations were recorded to withdraw digital assets from exchanges, the total amount of which is $ 18.5 billion (taking into account the exchange rate at the time of withdrawal).