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Bitcoin ETFs bring in over $6 billion in November after another $1 billion day Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees
2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20% 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20% James Van Straten · 2 years ago
Insights Bitcoin

2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%

Currently, 2.26M Bitcoin sit on exchanges which leaves around 11-12% of the Bitcoin supply on exchanges.

James Van Straten / @jvs_btc / Jan. 16, 2023 at 4:19 pm UTC

Quick Take

  • 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020, which saw over 10% of Bitcoin leaving exchanges.
  • Currently, 2.26m Bitcoin sits on exchanges which leave around 11-12% of the Bitcoin supply on exchanges.

Many events triggered the exodus, such as Luna and the FTX collapse.

“Not your keys, not your coins.”

Exchange Balance: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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