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Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend

Published 04/12/2024, 15:10
Updated 04/12/2024, 16:15
Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend
BTC/USD
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COIN
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Coin Edition -

  • Bitcoin exchange balances drop 12.8% in 2024, signaling decreasing liquidity.
  • Coinbase (NASDAQ:COIN) and Binance see significant BTC withdrawals, while OKX sees gains.
  • Rising Bitcoin price aligns with high Fear & Greed Index, suggesting market volatility.
Bitcoin exchange balances are at their lowest point since early 2023. This shows a trend of decreasing liquidity across crypto exchanges.Bitcoin exchange balances have been falling throughout 2024. The total BTC is now 2.3 million, a decrease of 116,000 BTC in one month. Since the beginning of the year, exchange balances are down 315,775 BTC, around 12.8%.

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