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On-Chain Data: The Amount Of Bitcoin on Centralized Exchanges Plunges to 2 Million – What's Going On?

Bitcoin (BTC) holdings in centralized digital asset exchanges have plunged 4% to 2 million signaling both positive and market-worsening concerns. According to recent data from CryptoQuant, the number of assets held in ex...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

On-Chain Data: The Amount Of Bitcoin on Centralized Exchanges Plunges to 2 Million – What's Going On?
Bitcoin (BTC) holdings in centralized digital asset exchanges have plunged 4% to 2 million signaling both positive and market-worsening concerns.
According to recent data from CryptoQuant, the number of assets held in exchanges is at lows not recorded since January 2018. 
The figure which has fallen to levels not recorded in half a decade to approximately $54.5 billion has sparked debates from observers on the effects and causes of the recent trend....
Read More: On-Chain Data: The Amount Of Bitcoin on Centralized Exchanges Plunges to 2 Million – What's Going On?

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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