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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76.8% | 42 | $69 980.05 | -0.89% | 6.26% | $1 376 321 554 485 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76% | 50 | $3 542.04 | -1.00% | 1.71% | $425 295 504 407 | ||
3 | USDT | Tether predictions | 95.6% | 1 | $1.000055 | 0.05% | -0.02% | $104 510 072 326 | ||
4 | BNB | Binance Coin predictions | 60% | 80 | $608.95 | 3.26% | 5.16% | $91 059 509 830 | ||
5 | SOL | Solana predictions | 61.6% | 88 | $186.01 | -1.00% | 4.93% | $82 665 453 798 | ||
6 | XRP | XRP predictions | 82.4% | 28 | $0.614771 | -1.43% | -2.36% | $33 741 219 924 | ||
7 | USDC | USD Coin predictions | 94% | 2 | $0.999937 | -0.01% | -0.03% | $32 488 081 465 | ||
8 | DOGE | Dogecoin predictions | 70% | 66 | $0.213182 | 5.48% | 32.70% | $30 626 599 420 | ||
9 | ADA | Cardano predictions | 68.8% | 66 | $0.641810 | -1.67% | 0.99% | $22 838 195 969 | ||
10 | AVAX | Avalanche predictions | 59.6% | 87 | $53.74 | -2.07% | -3.75% | $20 280 952 532 | ||
11 | SHIB | SHIBA INU predictions | 56.8% | 94 | $0.000031 | -1.88% | 11.16% | $18 162 954 310 | ||
12 | TON | Toncoin predictions | 61.6% | 87 | $4.88 | -1.70% | 10.03% | $16 923 658 045 | ||
13 | DOT | Polkadot predictions | 75.2% | 49 | $9.47 | -1.58% | 2.49% | $13 511 836 957 | ||
14 | BCH | Bitcoin Cash predictions | 68% | 58 | $581.80 | 2.03% | 42.09% | $11 451 168 386 | ||
15 | LINK | Chainlink predictions | 78% | 42 | $18.91 | -2.89% | 3.64% | $11 099 137 470 |
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