Insights

Bitcoin exchange deposits hit three-year low

exchange68September 13, 2024

0 1 1 minute read

Quick Take

Bitcoin exchange deposits hit a three-year low.
While exchange withdrawals are starting to outpace deposits for the first time since the SVB collapse back in March.
This suggests fewer investors are willing to part with their Bitcoin and send it to exchanges.
This isn’t suggesting withdrawals are increasing. They are staying relatively flat, emphasizing the deposits falling rapidly.

Bitcoin exchange deposits = 45,000 Bitcoin

Bitcoin exchange withdrawals = 51,176 Bitcoin

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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