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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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 | 70.4% | 62 | $38 967.91 | -7.44% | -7.59% | $737 892 869 372 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 60.4% | 78 | $2 871.05 | -8.60% | -11.22% | $342 372 023 455 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000160 | -0.01% | -0.02% | $78 287 072 748 |  |
|
| 4 |  BNB |
Binance Coin predictions | 71.2% | 56 | $428.81 | -7.90% | -9.28% | $70 802 974 684 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.2% | 1 | $1.000296 | -0.04% | 0.05% | $42 399 121 779 |  |
|
| 6 |  ADA |
Cardano predictions | 74.4% | 49 | $1.23 | -8.69% | -1.46% | $41 378 123 412 |  |
|
| 7 |  SOL |
Solana predictions | 61.6% | 87 | $123.51 | -9.84% | -13.96% | $38 846 684 963 |  |
|
| 8 |  XRP |
XRP predictions | 68.8% | 59 | $0.691874 | -6.72% | -9.81% | $32 976 873 993 |  |
|
| 9 |  LUNA |
Terra predictions | 69.6% | 58 | $77.73 | -5.70% | -0.40% | $27 703 412 550 |  |
|
| 10 |  DOT |
Polkadot predictions | 72.8% | 48 | $22.45 | -8.55% | -14.69% | $22 171 004 822 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 71.6% | 50 | $0.153961 | -6.54% | -20.35% | $20 426 155 179 |  |
|
| 12 |  AVAX |
Avalanche predictions | 66% | 77 | $76.46 | -9.87% | -13.92% | $18 683 659 839 |  |
|
| 13 |  BUSD |
Binance USD predictions | 90.8% | 1 | $0.999181 | -0.15% | -0.05% | $14 221 363 997 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 66% | 68 | $0.000026 | -7.57% | -15.60% | $14 165 186 561 |  |
|
| 15 |  MATIC |
Polygon predictions | 66% | 64 | $1.90 | -8.89% | -14.69% | $14 121 576 857 |  |
