Bitcoin balances on cryptocurrency exchanges drop to lowest level since August 2018
Rhythm BlockBeats news, according to Glassnode data, the current Bitcoin balance held by major encrypted trading platforms has dropped to the lowest level since August 2018, which is the lowest level in 27 months. The quantity is about 2.3 million pieces.
All cryptocurrency trading platforms since 2014 The total amount of Bitcoin balance has been growing steadily, especially in January this year, the total amount of Bitcoin held by the trading platform also increased from 350,000 to nearly 3 million, an increase of more than 750%. Since then, however, the total amount of bitcoin held by the platform has dwindled.
In August of this year, the number has dropped to 2.6 million, and this week, the number has dropped to 2.3 million. The drop reached 23%. However, although the total amount of Bitcoin held is decreasing, the price is recovering and rebounding.
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