As Bitcoin's price surged to new heights, an unexpected trend emerged—investors are rapidly withdrawing their holdings from exchanges, pushing Bitcoin storage to its lowest point since April 2018. This shift speaks volumes, but behind the movements of digital assets lies a deeper narrative of market sentiment, technological advancements, and unforeseen catalysts. What's driving this migration away from exchanges, and how might it frame the future of Bitcoin investment? Delve into the pivotal forces shaping a new era for crypto, where the implications for liquidity and security are as profound as unexpected.
Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing
Bitcoin holders move away from exchanges in long-term holding trend.
3 min read
Updated: Feb. 22, 2024 at 12:32 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Coinbase
Coinbase is a publicly listed digital asset platform that operates one of the largest regulated crypto exchanges in the United States.
Binance
Binance is one of the world’s largest centralized cryptocurrency exchanges by trading volume, offering spot, derivatives, and earning products to a global retail and institutional user base.
Bitfinex
Bitfinex is a long-running centralized cryptocurrency exchange operated by iFinex Inc., offering spot trading, derivatives, margin trading, lending, and over-the-counter (OTC) services for digital assets.
Bittrex
Bittrex Global was the international division of Bittrex, a U.S.-founded cryptocurrency exchange known for its security-centric approach and wide selection of digital assets.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Featured Story
Advertise here
