Cryptos: 12,944
Exchanges: 221
Dominance: BTC: 38.27% ETH: 16.36%
ETH Gas: 12 Gwei
  • Low: 11 Gwei
  • Average: 12 Gwei
  • High: 14 Gwei
  • Data from Etherscan.
24H Spot Vol.: $87,296,347,386.50
24H Derivatives Vol.: $70,363,166,383.66
Global Open Interest: $37,676,550,798.26
English 中文

Centralized Exchanges BTC Balance Hits New Low Since 2018

TokenInsight news, according to Glassnode, centralized cryptocurrency exchange BTC balances continued to decline last week (about 13.0% of circulating supply) and reached a multi-year low, and are now back to February 2018 levels when bitcoin prices were between $6,000 and $10,000. These observations are positively supported by the deeply negative net exchange flows (outflows) last week, with bitcoin outflows currently at a rate of -92,000 coins/month. In fact, the crypto market clearly shifted its paradigm after March 2020, from net exchange inflows to exchange outflows.
Latest News More
Join Our Community

The news, articles, reports or other information we provide are based on public sources considered to be reliable, but TokenInsight does not guarantee the accuracy or completeness of any information contained herein. The news/articles/reports or other information had been prepared for informative purposes only and does not constitute an offer or a recommendation to purchase, hold, or sell any digital assets (cryptocurrencies, coins, and tokens) or to engage in any investment activities. Any opinions or expressions herein reflect a judgment made as of the date of publication, and TokenInsight reserves the right to withdraw or amend its acknowledgment at any time in its sole discretion. TokenInsight will periodically or irregularly track the subjects of news/articles/reports or other information we provide to determine whether to adjust the acknowledgement and will publish them in a timely manner.

We adhere to high standards and values of reporting news, and we do our best to be objective and unbiased at all times.

TokenInsight takes its due diligence to ensure news/articles/reports or other information we provide a true and fair view without potential influences of any third party. There is no association between TokenInsight and the subject referred in the contents which would harm the objectivity, independence, and impartiality of the reporting.

Trading and investing in digital assets (cryptocurrencies, coins, and tokens) may involve significant risks including price volatility and illiquidity. Investors should be fully aware of the potential risks and are not to construe the content of the report as the only information for investment activities. None of the products or TokenInsight Inc, nor any of its authors or employees shall be liable to any party for its direct or indirect losses alleged to have been suffered on account thereof.

All rights reserved to TokenInsight.