TechFlow reports that recently there has been a massive withdrawal of Bitcoin (BTC) and Ethereum (ETH) from centralized exchanges. According to the latest data, user balances of these two major cryptocurrencies have dropped to their lowest levels in four years, which analysts interpret as a positive signal for the future.
As investors wait for higher prices during the bull market, user balances of Bitcoin (BTC) and Ethereum (ETH) on centralized exchanges have significantly declined, according to Glassnode data. The value of Bitcoin has dropped to less than 2.3 million BTC, approximately $158 billion, while Ethereum has fallen to less than 16 million ETH, under $58 billion.
Add to Favorites
Share to Social Media
