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2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%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- 2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020, which saw over 10% of Bitcoin leaving exchanges.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