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<h2 id="header-0">Recent data shows that Bitcoin exchange users have completely forgotten about the FTX scandal this Christmas.</h2>As per the on-chain analytics firm Glassnode report, exchange outflows have now reached their lowest levels in over six months.<h3 id="still-not-your-keys-still-not-your-coins">Still not your keys, still not your coins?</h3>As Bitcoin volatility falls to a new low in what has been dubbed &#34;Do Nothing December,&#34; exchange users&#39; habits are rapidly adapting to the new surroundings.Following a massive surge in the aftermath of the <a href="https://www.coingabbar.com/en/crypto-currency-news/ex-ftx-ceo-gets-offcially-released-on-bail" rel="noopener noreferrer nofollow">FTX meltdown</a>, BTC withdrawals from exchange wallets have completely reversed the spike that began around six weeks ago.After reaching a high of 142,788 BTC on November 14, outflows from the trading platforms tracked by Glassnode have dropped more than tenfold.Total exchange outflows were only 9,352 BTC on December 25, the most recent date for which figures are available — a drop of 93.5%.Furthermore, the last time outflows were so low on a daily basis was in May, seven months ago.Reports highlighted that in the immediate aftermath of FTX, exchange reserves fell by more than $3 billion in a single week.On Christmas Day, the <a href="https://www.coingabbar.com/en/crypto-currency-news/bitcoin-hashrate-drops-texas-miners-reduce-hashpower-strengthen-grid" rel="noopener noreferrer nofollow">BTC balance</a> on exchanges was 2.252 million BTC, a drop of nearly 21% from the January 2022 peak of 2.845 million BTC.<h4>Bitcoin supply is becoming increasingly stationary</h4>Meanwhile, on-chain data shows record low volatility, indicating that hodlers are hesitant or have little need to relocate coins.Glassnode confirms that unspent transaction outputs (UTXOs) with a lifespan of one week to one month have reached their lowest level in 15 months.The popular HODL Waves metric, which groups UTXOs by age, shows a December increase in coins that last moved 1-2 years ago.These now account for more than 20% of the total Bitcoin supply.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/nft-world-pokemon-hsbc-slowmist-beeple-&amp;amp;-cumberland-talk-about-nft" rel="noopener noreferrer nofollow">NFT World: Pokemon, HSBC, SlowMist, Beeple &amp; Cumberland Talk About NFT</a>

BTC Exchange Withdrawals Drop to Seven-Month Low as Users Overlook FTX

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