As Bitcoin's price surged to new heights, an unexpected trend emergedโinvestors are rapidly withdrawing their holdings from exchanges, pushing Bitcoin storage to its lowest point since April 2018. This shift speaks volumes, but behind the movements of digital assets lies a deeper narrative of market sentiment, technological advancements, and unforeseen catalysts. What's driving this migration away from exchanges, and how might it frame the future of Bitcoin investment? Delve into the pivotal forces shaping a new era for crypto, where the implications for liquidity and security are as profound as unexpected.
Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing
Bitcoin holders move away from exchanges in long-term holding trend.
3 min read
Updated: Feb. 22, 2024 at 12:32 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Kraken
Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen.
Bitfinex
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers.
Bittrex
Founded in 2014 by three cybersecurity engineers, Bittrex is a global leader in the blockchain revolution.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
