Is Confidence Increasing in Stock Exchanges? Bitcoin Exits at 7-Month Lows

After the FTX bankruptcy, Bitcoin outputs on the stock exchanges, which reached a record level, showed a significant decline and fell to the lowest level in the last 7 months.

On-chain analytics platform glassnode According to the data presented by Bitcoin, the exit volume of Bitcoin from exchanges is the last. 7 month low declined. According to the data in question, only last week 986,237 BTC withdrawn from central exchanges. With this calming momentum, a significant decline was observed in the 7-day average after a long time.

With the FTX collapse in November, it started to increase rapidly and 14 November on 142,788 BTC reaching record levels with Bitcoin outlets on exchanges, December 25 record high in 93.5% decrease with 9,352 BTCregressed to. Analysts expect withdrawals from stock markets to decrease. FTX He interpreted it as a sign that confidence lost in centralized exchanges after its crash was being restored.

In addition, the amount of Bitcoin on the stock markets is the day before the new year. fireplace seen in the month 2022 record level of the year 2.85 million BTCfrom 21%with a regression of 2.25 million BTCIt was recorded that it decreased to .

Earlier this month, the US Department of Justice allegedly facilitated money laundering procedures. to Binance rumors that he might sue 6 billion dollars worth of your asset within 2 days caused it to withdraw.


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