Bitcoin’s market has seen unprecedented movements yesterday, with the fifth largest outflow of Bitcoin in 2023 amounting to nearly $300 million or 10,000 BTC. This withdrawal was facilitated by Bithumb, a leading global exchange, which now holds only 8,500 Bitcoins. This event could indicate a growing preference among investors for holding cryptocurrencies in personal wallets instead of exchanges.The collective balance of Bitcoin on all exchanges is decreasing, currently standing at roughly 2.256 million. This decrease could signal changes in investor sentiment and strategy. It is important to monitor these shifts in the Bitcoin market as they could have a significant impact on the cryptocurrency landscape.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
10 |
| People |
None |
| Companies |
Bithumb, Bitcoin, exchanges, investors, personal wallets |
| Currencies |
Bitcoin, Ethereum |
| Securities |
None |
