Bitcoin

April

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin exchange balance falls below 12%; this was first achieved at the beginning of 2023.</li>
<li>We now see substantial coins leaving exchanges; the equivalent 12% is 2.3 million Bitcoin.</li>
<li>Binance holds roughly 3.5% (686,000), while Coinbase holds 2.3% (461,000).</li>
<li>The black lines represent halvings, with the next halving approaching April 2024; this current halving is the first time we see a drop in exchange balance.</li>
</ul>
<figure id="attachment_326229" aria-describedby="caption-attachment-326229" style="width: 1920px" class="wp-caption aligncenter"><img class="wp-image-326229 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/half.png" alt="Exchange Balance: (Source: Glassnode)" width="1920" height="967" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/half.png 1920w, https://cryptoslate.com/wp-content/uploads/2023/05/half-300x151.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/half-1024x516.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/half-768x387.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/half-1536x774.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /><figcaption id="caption-attachment-326229" class="wp-caption-text">Exchange Balance: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-exchange-balance-falls-below-12/">Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12%</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Mass exodus of Bitcoin: 2.3M BTC leaves exchanges as balance plummets below 12%

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