700K BTC off exchanges in a year: ~21% drop, ~$58B
About 700,000 Bitcoin left crypto exchanges over the past year, per Coinglass data shared Sunday. Balances fell from ~3.1M BTC to 2.45M.
That's a ~21% drop, or about $58B at ~$83K a coin.
Some went to ETFs and corporate treasuries, which can still sell. Off exchanges doesn't mean never sold.
https://x.com/Cointelegraph/status/2109184967339073906
Sources: @ScottLEOWarrior: around 700,000 BTC have reportedly left exchanges over the past year · X story: Bitcoin Exchange Reserves Drop by 700,000 BTC in a Year (Coinglass: 3.1M to ~2.45M BTC, BTC near $83,000)
Not financial advice. For informational and educational purposes only.
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