BTC balance inside CEX continues to decline

BlockBeatNews
BTC5,52%

BlockBeats message, April 8, according to CryptoQuant data, trading platforms’ BTC balances have continued to decline. Within one year, trading platforms’ BTC balances have fallen by about 100k BTC. Currently, about 867k BTC is still stored on trading platforms.

Analysis believes Bitcoin still benefits from holders who are willing to move supply out of trading platforms rather than constantly redeploy it back into the market.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments