Bitcoins are leaving exchanges
😱?
According to the latest data by
#Glassnode, the total amount of Bitcoin on exchanges has fallen to 2.3 million BTC, the lowest level since 2018.
The peak was 3 Million BTC which was reached in Feb 2020 from that there is a 21%
#drop in the volume of BTC on the exchanges
📉People are estimating that Bitcoins are moving to Cold Storage & leaving the
#exchange wallets as there is always a risk which is attached that “Not Your
#Keys, Not Your
#Wallet”.
On this Glassnode CTO Rafael Schultze-Kraft said Bitcoin could be being moved into cold storage for the long term. He argued this could lead to a supply crisis. “I think this is extremely bullish for the price of
#Bitcoin,” he said,
#bitcoin #cryptocurrency #exchange #
#blockchain