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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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 | 81.2% | 33 | $62 204.66 | -2.38% | 0.09% | $1 229 470 656 932 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.8% | 43 | $2 437.96 | -1.38% | -2.78% | $293 480 418 418 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.999417 | -0.04% | -0.03% | $119 787 427 012 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78.4% | 35 | $578.87 | 0.49% | 4.83% | $82 237 028 095 |  |
|
| 5 |  SOL |
Solana predictions | 78% | 45 | $142.86 | -4.08% | -3.37% | $67 040 151 417 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.4% | 1 | $0.999996 | 0% | 0% | $35 124 926 543 |  |
|
| 7 |  XRP |
XRP predictions | 74% | 43 | $0.529117 | -2.59% | -11.71% | $29 928 993 745 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 83.6% | 32 | $0.106806 | -4.92% | -1.12% | $15 623 930 640 |  |
|
| 9 |  TRX |
TRON predictions | 96% | 1 | $0.158257 | 1.16% | 2.96% | $13 700 569 434 |  |
|
| 10 |  TON |
Toncoin predictions | 81.6% | 31 | $5.19 | -2.27% | -4.07% | $13 152 577 202 |  |
|
| 11 |  ADA |
Cardano predictions | 76.8% | 38 | $0.344996 | -3.79% | -3.11% | $12 061 427 310 |  |
|
| 12 |  AVAX |
Avalanche predictions | 67.6% | 60 | $26.37 | -3.34% | 0.26% | $10 717 932 778 |  |
|
| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 92.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 54% | 94 | $0.000017 | -5.85% | 4.51% | $10 110 735 164 |  |
