While the cryptocurrency market experienced a year-end correction, the amount of Bitcoin (BTC) on central exchanges (CEX) dropped to its lowest level in recent weeks.
Despite the recent corrections in the cryptocurrency market, ulong term Bitcoin investors He did not change his determined attitude. According to data provided by the on-chain analysis platform CryptoQuant, the number of Bitcoins on central exchanges increased towards the end of December. 2.04 million fell back to the band.
Only from exchanges in the last 24 hours Over 33,000 Bitcoin exits happened. The largest cryptocurrency exchange in the USA coinbase alone in the last 24 hours Over 19,000 Bitcoin exits saw.
Analysts stated that investors withdraw the Bitcoins they want to keep long-term from exchanges to their private wallets. Bitcoin’s exit from stock exchanges was interpreted as both positive for long-term price movements due to the decrease in supply and as a clear representation of investors’ confidence in Bitcoin.
Bitcoin year-end forward options stuffed and As global markets enter the holiday season However, it has experienced significant sales in recent days.
According to CoinGecko data, in the last 24 hours 2.1% increase Bitcoin exhibiting, at the time of writing from $41,856 is being traded.