After six months of Bitcoin exchange withdrawals outpacing deposits, a reversal occurred this month, signaling a change in holder behavior. The exchange net flow, which measures the difference between Bitcoin deposits and withdrawals on exchanges, turned positive at the beginning of November, indicating a renewed interest in exchange activities among Bitcoin holders. This shift is […]
Surge in Bitcoin exchange deposits breaks six-month withdrawal streak Surge in Bitcoin exchange deposits breaks six-month withdrawal streak
Bitcoin holders pivot to exchanges, reversing six-month withdrawal trend.
3 min read
Updated: Nov. 22, 2023 at 4:51 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.