Cryptocurrencies

Centralized Exchanges Continue to Shed Bitcoin

Data analysis from Glassnode indicates that the amount of Bitcoin (BTC) held on major cryptocurrency exchanges has consistently decreased following the dramatic market crash in mid-March, when crypto prices plummeted by 50% in just one day.

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

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