Today news
About the same in other media
Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January
Reading now: 571
Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers.
Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4.
Late December saw a macro low of 2.303 million BTC left on exchanges’ books, CryptoQuant recorded, before a brief uptick to 2.334 million.
As institutional entities return to the market after the holiday period, however, the downtrend has resumed, this in line with expectations that larger-volume buyers would step in beginning in Q1.
Exchange balance data is a topic of some debate this week. Different statistics sources use varying numbers of exchanges and wallets, resulting in data that is barely comparable.
CryptoQuant’s 21
Read more on cointelegraph.comAbout this in other media
Bitcoin exchange outflows see biggest daily spike since September 2021 cointelegraph.com /2 years ago
Mercado Bitcoin operator acquires Portuguese crypto exchange cointelegraph.com /2 years ago
Tiny Bitcoin miner defies massive odds to solve a valid block cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
