Insights

2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%

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  • 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020, which saw over 10% of Bitcoin leaving exchanges.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)

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