CEX lost 76,179 BTC in 44 days
On-chain data shows that 76,179 Bitcoins worth $5.41 billion have been moved out of Coinbase and Binance for 44 consecutive days. As of Sunday, March 31, 2024, Coinbase and Binance managed a total of approximately 1,570,863 BTC, worth $111 billion, accounting for 7.98% of the total 19,669,399 Bitcoins in circulation, which means that these two platforms are the most important players in the digital currency ecosystem. key custodian. On February 16, 2024, 1 million Bitcoins on Coinbase were worth approximately $52 billion, with a BTC price of $52,000 per coin. According to the latest data from Arkham Intelligence, Coinbase’s Bitcoin reserves have decreased to 928,743 BTC. This decrease shows that Coinbase has lost 71,257 BTC since February 16 due to customer withdrawals or other types of transactions. Likewise, Binance’s Bitcoin reserves have also decreased, although not as much as Coinbase. According to on-chain data, since February 16, Binance’s withdrawal volume has decreased to approximately 4,922 BTC, from 647,042 BTC to 642,120 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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