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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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 | 87.6% | 20 | $19 947.39 | 3.63% | -1.75% | $382 369 238 889 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 63.6% | 82 | $1 351.01 | 3.89% | -3.12% | $165 698 908 342 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000139 | 0.01% | 0.01% | $67 958 881 228 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90.8% | 15 | $292.38 | 2.14% | 2.98% | $47 172 398 458 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 1 | $0.999939 | -0.01% | -0.01% | $47 033 032 643 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 86 | $0.470361 | 5.01% | -0.77% | $23 471 346 889 |  |
|
| 7 |  BUSD |
Binance USD predictions | 92.4% | 1 | $1.000315 | 0.10% | -0.03% | $21 048 857 281 |  |
|
| 8 |  ADA |
Cardano predictions | 74.8% | 46 | $0.431465 | 1.94% | -5.77% | $14 779 010 315 |  |
|
| 9 |  SOL |
Solana predictions | 87.6% | 22 | $33.68 | 3.12% | -3.95% | $11 960 746 922 |  |
|
| 10 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 88.8% | 14 | $0.060661 | 0.82% | -3.25% | $8 047 931 990 |  |
|
| 12 |  DOT |
Polkadot predictions | 65.2% | 68 | $6.47 | 2.65% | -4.06% | $7 260 332 773 |  |
|
| 13 |  MATIC |
Polygon predictions | 67.2% | 61 | $0.828688 | 6.82% | 5.76% | $7 238 024 558 |  |
|
| 14 |  DAI |
Dai predictions | 91.6% | 1 | $0.999942 | 0.02% | 0.01% | $6 786 494 749 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 93.6% | 5 | $0.061398 | 0.40% | 1.26% | $6 242 711 894 |  |
