By Bitcoin Magazini - makore maviri apfuura - Nguva yekuverenga: maminitsi mapfumbamwe
Bitcoin Exchange Balance Hits Three-Year Low
Zvose bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported.
Izvo zviri pasi apa zvinobva kudhisheni ichangoburwa yeDeep Dive, Bitcoin Magazine's premium markets newsletter. Kuve pakati pekutanga kugamuchira aya manzwisisiro uye mamwe pa-cheni bitcoin kuongororwa kwemusika zvakananga kubhokisi rako rekutumira, bvuma ikozvino.
Bitcoin balance on cryptocurrency exchanges.muunganidzwa bitcoin on exchanges has hit another three-year low today, with 2,408,237 BTC across all reported exchanges.
muunganidzwa bitcoin balance on cryptocurrency exchanges peak versus now.When looking at the net daily transfer volume on exchanges with a 30-day moving average applied, it can be seen how different this recent sell-off and subsequent derivatives market liquidation was compared to the one seen in April/May.
During the May sell-off, 5,149 BTC were deposited per day on average during the peak of the sell-off. Comparatively, today 1,178 BTC have been withdrawn from exchanges per day on average over the last month.
Net transfer volume of bitcoin from and to cryptocurrency exchanges.We can also take the 30-day moving average of exchange netflow and adjust it by adjusted supply (circulating supply adjusting for lost coins).
The green and red arbitrary thresholds are times when 0.7% of bitcoin’s adjusted supply were withdrawn or deposited on exchanges respectively.
Bitcoin on exchanges, percentage of netflow/adjusted supply.Original source: Bitcoin magazini