Bitcoin
BTC$69 980.05

-0.89%

Ethereum
ETH$3 542.04

-1.00%

Tether
USDT$1.000055

0.05%

Binance Coin
BNB$608.95

3.26%

Solana
SOL$186.01

-1.00%

XRP
XRP$0.614771

-1.43%

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outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.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

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