Bitcoin
BTC$56 623.70

11.18%

Ethereum
ETH$3 257.69

7.23%

Tether
USDT$1.000464

0.05%

Binance Coin
BNB$399.17

3.71%

Solana
SOL$111.24

9.60%

XRP
XRP$0.563142

5.66%

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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 62% 79 $56 623.70 11.18% 9.37% $1 112 031 470 857 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 59.2% 81 $3 257.69 7.23% 12.32% $391 423 713 721 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000464 0.05% 0.07% $98 109 058 390 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64.4% 69 $399.17 3.71% 12.77% $59 693 248 192 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 74.8% 44 $111.24 9.60% 2.08% $49 202 632 633 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 22 $0.563142 5.66% 0.22% $30 744 319 017 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999959 0% 0% $28 534 731 855 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.8% 67 $0.623028 8.17% 0.36% $22 099 890 311 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 73.2% 51 $39.46 8.54% 2.64% $14 884 006 901 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84% 18 $0.096125 13.99% 11.60% $13 769 217 373 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 67.6% 61 $0.141372 2.82% 3.28% $12 440 780 834 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 68.8% 61 $0.140896 2.34% 2.98% $12 398 895 467 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 74% 46 $19.25 5.91% -0.58% $11 304 080 878 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 75.2% 52 $8.14 6.70% 5.77% $10 444 466 378 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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