According to a study by Arcane Research, which conducts research on the cryptocurrency ecosystem, users withdraw their assets from cryptocurrency exchanges to their private wallets.
Arcane Researchsince August 22 twitter In a post he shared on his website, he published data that Bitcoins on exchanges are being withdrawn to private wallets at great speed. According to the research in question, crypto money holders Terra (Luna) After the untrustworthy actions of the companies leading the ecosystem, especially the crisis, it started to attract crypto assets intensively through the stock markets.
Currently on all cryptocurrency exchanges 2.1 million Bitcoins is among the data disclosed. But this number has been since the beginning of 2022. continues to decline with a steady and increasing momentum. in May Celsius network‘s bankruptcy and loss of all funds belonging to users caused users to lose their trust, especially against hedge funds and platforms that offer lending services. After these trust losses, in June last year, crypto money exchanges Bitcoin outflows in unprecedented volumes. According to the Arcane Research report, in June 119 thousand Bitcoinsin July 96 thousand and in the first 22 days of the current August 65,000 Bitcoins withdrawn from centralized exchanges to private wallets.
Although the leading stock exchanges of the sector Binance, coinbase Although centralized entities such as . cold wallets They see (Ledger etc.) as the safest storage tool.