TechFlow news, according to data from cryptoquant.com, over the past seven months, $26 billion worth of Bitcoin and Ethereum have flowed out from centralized exchanges. Miners' Bitcoin reserves are also decreasing, with 29,377 BTC sold off, bringing their reserves down to 1.81 million BTC.
Since the beginning of 2024, exchanges have seen an outflow of 330,560 BTC (worth $20.8 billion) and 1.9 million ETH (worth $5.2 billion).
Meanwhile, USDT on the Ethereum blockchain has seen significant inflows, increasing from $12.6 billion to $21.7 billion. The current amount of Bitcoin held on exchanges has dropped to its lowest level since November 2018.
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