UTC-05:00,Saturday , March 28th 2020

BTC Balances On Exchanges At Eight-Month Low

20:38 Thursday , March 26th 2020
Glassnode, a prominent on-chain analytics firm, explained in a recent tweet that cryptocurrency exchanges have seen a massive outflow of Bitcoin in recent times, leading these exchanges to see their lowest BTC balances in roughly eight months.
“Despite the volatility, Bitcoin holders appear to be withdrawing their funds from exchanges. Outflow has been increasing daily since March 18. According to our labels, BTC exchange balances are the lowest they’ve been in ~8 months,” the tweet read.
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