Bitcoin outflows from centralized exchanges surge to 100K BTC monthly
Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019. The on-chain analytics provider estimates that just 13.2% of circulating BTC are currently held on exchanges — a new low for 2021.
Outflows surged to nearly 150,000 BTC monthly at the end of April 2020 following the violent “Black Thursday” crash that saw crypto prices tumble by more than 50% in less than two days after then-U.S. President Trump announced a travel ban between Europe and the U.S. in March as the coronavirus pandemic intensified. Despite the aggressive crash, Bitcoin had rebounded by 150% by the end of May 2020, driving heavy accumulation.
Outflows again came close to 150,000 BTC monthly in November 2020 as Bitcoin surged to test its then-record price high of $20,000, with BTC rallying into new all-time highs the following month.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 58% | 88 | $23 111.56 | 1.40% | 2.46% | $445 467 385 928 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 58.8% | 85 | $1 597.71 | 1.63% | -3.12% | $195 518 478 203 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000214 | 0% | 0% | $67 518 894 139 |  |
|
| 4 |  BNB |
Binance Coin predictions | 64.8% | 72 | $307.54 | 1.77% | 1.44% | $48 561 092 766 |  |
|
| 5 |  USDC |
USD Coin predictions | 92% | 1 | $0.999961 | -0.01% | 0.02% | $43 079 802 564 |  |
|
| 6 |  XRP |
XRP predictions | 67.2% | 74 | $0.411374 | 1.67% | 0.42% | $20 899 274 392 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.2% | 1 | $0.999970 | -0.02% | 0% | $15 797 945 581 |  |
|
| 8 |  ADA |
Cardano predictions | 60.8% | 79 | $0.389742 | 4.62% | 8.05% | $13 479 166 661 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 61.6% | 75 | $0.087530 | 3.33% | 2.02% | $11 612 632 457 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 62% | 78 | $1.15 | 6.65% | 12.37% | $10 012 288 547 |  |
|
| 12 |  SOL |
Solana predictions | 56% | 90 | $24.46 | 2.79% | -1.52% | $9 087 126 673 |  |
|
| 13 |  DOT |
Polkadot predictions | 57.2% | 87 | $6.59 | 3.51% | 6.21% | $7 583 086 372 |  |
|
| 14 |  AVAX |
Avalanche predictions | 54.4% | 92 | $20.95 | 17.58% | 20.92% | $6 593 829 036 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 59.6% | 84 | $0.000012 | 3.13% | -2.02% | $6 476 713 621 |  |
