Cryptocurrencies

Centralized Exchanges Continue to Divest Bitcoin

Data compiled by Glassnode indicates that the quantity of Bitcoin (BTC) held on major cryptocurrency exchanges has consistently decreased since the sharp market crash in mid-March, which resulted in a 50% drop in prices within just one day.

Currently, the total amount of BTC held on exchanges is slightly over 2.3 million, marking the lowest level since May 22, 2019.

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