Exchange Bitcoin Reserves Hit Five-Year Low, $5.96 Billion Withdrawn in 30 Days
In the past month, since July 11, 2024, 99,308 BTC have been withdrawn from exchanges, valued at $5.96 billion. Currently, data from cryptoquant.com shows that centralized exchanges hold 2,679,880 BTC, which is worth about $161 billion based on the Bitcoin exchange rate on Sunday, August 11th. The last time reserves were this low was on November 19, 2018 during the Bitcoin bear market.
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.
You may also like
Bank of Japan's Policy Rate Unlikely to Rise Above 2% -- Market Talk
US insurance company Orion180 Insurance Group (OIG.US) to list on Nasdaq tonight, IPO priced at $12 per share, significantly below its offering range
Orion180 Insurance Group (OIG.US) has announced its IPO pricing terms, offering 20 million shares at $12 per share, raising $240 million, which is below the previously expected range of $15 to $17 per share.
Bank of Japan Governor: Will continue to raise interest rates depending on circumstances; Middle East situation, AI demand, and exchange rates are key variables.
Kazuo Ueda stated that the underlying price trend is steadily approaching the 2% policy target. With both corporate wage increases and pricing behaviors becoming more positive, there is a risk that the inflation rate may exceed the target. He mentioned that there is no predetermined idea on the specific pace of rate hikes; policy decisions will be made after thorough discussions at each meeting, taking into account the timing and pace of any policy adjustments.
Pokémon card sales restriction triggers a "roller coaster": Japan's second-hand marketplace Mercari plunges before rebounding, Citigroup calls it "oversold"
A trading restriction on Pokémon cards has caused significant volatility in the share price of the Japanese online trading platform Mercari.
Crypto prices
More
