Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin exchange holdings hit a multi-week low, indicating increased long-term holder sentiment.
ADOPTION NEWS

Bitcoin exchange holdings hit a multi-week low, indicating increased long-term holder sentiment.

By Crypto FlexsDecember 30, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin exchange holdings hit a multi-week low, indicating increased long-term holder sentiment.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin BTC

-2.50%
Exchange holdings fell to their lowest in weeks, indicating an increase in investors removing coins as part of long-term holding strategies.

According to CryptoQuant data, the average amount of Bitcoin on major centralized exchanges remained around 2.04 million coins for most of December. However, there has been an outflow of over 33,000 bitcoins in the last 24 hours, leaving exchange reserves at a multi-week low of just over 2 million bitcoins. Coinbase alone saw more than 19,000 bitcoins leaked in the past 24 hours, according to CryptoQuant data.

Bitcoin outflows from exchanges to cold storage are a trend that has continued throughout the year, driven by rising prices for the digital asset and growing expectations about the possible approval of a spot Bitcoin ETF. According to CryptoQuant, Bitcoin exchange holdings in January 2023 hovered around 2.2 million coins, a decrease of about 200,000 coins since the beginning of the year.

Potential weakening of supply-side pressure

As the number of coins on exchanges decreases, supply-side pressure weakens and the potential for price increases increases. One analyst interpreted the on-chain transfer of $1.4 billion worth of Bitcoin from exchanges to cold wallets in the past 24 hours as a sign of declining trust in centralized currency systems.

“Confidence in global markets is driven by historic debt-to-GDP ratios that are collapsing so-called developed countries like the United States,” said Volcano Energy, Chairman of Volcano Energy and Advisor to President Nayib Bukele of El Salvador. “Bitcoin is leaving exchanges as trust in the fiat currency system is collapsing,” he said. max kaiser told the block.

He added: “Storing wealth in Bitcoin, the perfect inseparable money, is now understood to be the only chance for the world’s wealthy to survive the new deepest recession.”

The decline in Bitcoin liquidity supply comes as the world’s largest digital asset by market capitalization fell 0.6% over the past 24 hours. Bitcoin was trading at $42,235 at 11 a.m. ET, according to The Block’s pricing page.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025

The 320K holder of the WAVERS & Cardano Price Surges Surges BlockDag signals the next large encryption.

September 6, 2025

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

GBC Mining Launches Scalable Cloud Mining Plans, Enabling Passive Income For Global Crypto Enthusiasts

September 6, 2025
Most Popular

Ethereum Price Soars on Spot ETF Rumors — How Is the ETH Options Market Positioned?

May 21, 2024

Cryptocurrency exchange daily trading volume rises to approximately $100 billion for the first time since 2021

March 9, 2024

Bitcoin price is’ Athto the ATHT

February 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.