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Exchanges Move Off an All-Time High Amount of BTC; Reports Suggest

Published 24/12/2022, 12:08
© Reuters

  • Santiment tweeted that an all-time high of 18.2 million BTC has been moved off exchanges.

  • The current amount of BTC at the exchanges is just 1.16 million BTC.

  • The increasing number of BTC withdrawn shows the tendency of investors either to sell them or to hold them for an extended period.

Reportedly, exchanges have been moving off bitcoins, resulting in the all-time high quantity of coins removed. Currently, the amount of the asset removed stands at 18.2 million BTC, while the coins on exchanges are just 1.2 million.

The market intelligence platform Santiment tweeted on December 2022 that the number of bitcoins moved is an all-time high while analyzing the withdrawals over the past 10 years:

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