Bitcoin
BTC$23 111.56

1.40%

Ethereum
ETH$1 597.71

1.63%

Tether
USDT$1.000214

0%

Binance Coin
BNB$307.54

1.77%

USD Coin
USDC$0.999961

-0.01%

XRP
XRP$0.411374

1.67%

Bitcoin outflows from centralized exchanges surge to 100K BTC monthly


04 Aug 2021

#Bitcoin

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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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.


Related

Copy Trading Strategies: How to Start Successful Copy Trading
Copy Trading Strategies: How to Start Successful Copy Trading
Bitcoin enters short-term correction
Bitcoin enters short-term correction
Bitcoin recharges with optimism, aims for a $25K area
Bitcoin recharges with optimism, aims for a $25K area
Bitcoin Spring: Will BTC bounce back soon?
Bitcoin Spring: Will BTC bounce back soon?
The leading crypto has grown to 21,150 USD
The leading crypto has grown to 21,150 USD
Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K
Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K
How have Bitcoin and Forex affected each other in 2022?
How have Bitcoin and Forex affected each other in 2022?
BTC bounces back from Monday’s low
BTC bounces back from Monday’s low
Bitcoin may be near the bottom, but years from the next FOMO
Bitcoin may be near the bottom, but years from the next FOMO

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 58% 88 $23 111.56 1.40% 2.46% $445 467 385 928 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58.8% 85 $1 597.71 1.63% -3.12% $195 518 478 203 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000214 0% 0% $67 518 894 139 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64.8% 72 $307.54 1.77% 1.44% $48 561 092 766 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999961 -0.01% 0.02% $43 079 802 564 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 67.2% 74 $0.411374 1.67% 0.42% $20 899 274 392 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999970 -0.02% 0% $15 797 945 581 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 60.8% 79 $0.389742 4.62% 8.05% $13 479 166 661 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 75 $0.087530 3.33% 2.02% $11 612 632 457 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 62% 78 $1.15 6.65% 12.37% $10 012 288 547 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56% 90 $24.46 2.79% -1.52% $9 087 126 673 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 57.2% 87 $6.59 3.51% 6.21% $7 583 086 372 DOT 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 54.4% 92 $20.95 17.58% 20.92% $6 593 829 036 AVAX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 59.6% 84 $0.000012 3.13% -2.02% $6 476 713 621 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.