Surge in Bitcoin exchange deposits breaks six-month withdrawal streak

11/23/2023 00:30
Surge in Bitcoin exchange deposits breaks six-month withdrawal streak

Bitcoin holders are pivot to exchanges, with a record-breaking 33,854 BTC inflow, reversing six-month withdrawal trend.

Surge in Bitcoin exchange deposits breaks six-month withdrawal streak Surge in Bitcoin exchange deposits breaks six-month withdrawal streak 24 seconds ago · 3 min read

Bitcoin holders pivot to exchanges, reversing six-month withdrawal trend.

3 min read

Updated: November 22, 2023 at 4:51 pm

Surge in Bitcoin exchange deposits breaks six-month withdrawal streak

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

After six months of Bitcoin exchange withdrawals outpacing deposits, a reversal occurred this month, signaling a change in holder behavior. The exchange net flow, which measures the difference between Bitcoin deposits and withdrawals on exchanges, turned positive at the beginning of November, indicating a renewed interest in exchange activities among Bitcoin holders. This shift is […]

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