Data shows the monthly Bitcoin exchange outflows have reached a new all-time high as investors have been rushing to get their coins into personal wallets, the keys to which they own.
Safety In Self-Custody: Historical Amount Of Bitcoin Exits Exchanges
Акыркы жумалык отчетуна ылайык Glassno менен, BTC is currently exiting exchanges at a rate of 172.7k BTC per month, the highest ever.
Бул жерде тиешелүү көрсөткүч "таза позицияны алмаштыруу,” which measures the net amount of Bitcoin going into or out of wallets of all centralized exchanges per month.
When the value of this metric is positive, it means investors have been depositing their coins into exchanges in the past month. Since investors may have been transferring to exchanges for selling purposes, this kind of trend can have bearish implications for the price.
On the other hand, negative values suggest holders have been withdrawing a net amount of BTC recently. Such a trend, when prolonged, could be bullish for the price of the crypto as it might be a sign of чогултуу инвесторлордон.
Now, here is a chart that shows the trend in the Bitcoin exchange net position change over the history of the crypto:
Looks like the value of the metric has been highly negative in recent days | Source: Glassnode's The Week Onchain - 47-жума, 2022-жыл
As you can see in the above graph, the Bitcoin exchange net position change has been deep red during the last couple of weeks.
Following the latest plunge, the indicator now has a negative value of 172.7k BTC per month, the highest decline that exchanges have seen in the entire history of BTC.
The main reason behind these record outflows can be traced back to the collapse of cryptocurrency exchange FTX.
FTX’s fall and the resulting contagion has once again renewed fear in investors around keeping their coins in the custody of exchanges, where they don’t own the keys to their wallets.
Due to this reignited need for self-custody, Bitcoin holders are now withdrawing their coins at unprecedented levels from all kinds of centralized platforms, so that they can keep them in their personal wallets.
BTC Баасы
Отчет жазылып жаткан учурда, Bitcoin баасы 15.7 миң доллардын тегерегинде калкып, акыркы аптада 6% га төмөндөдү. Акыркы бир айдын ичинде крипто 18% баасын жоготту.
Төмөнкү диаграмма акыркы беш күндүн ичинде монетанын баасынын тенденциясын көрсөтөт.
The value of the crypto seems to have plummeted during the last couple of days | Source: TradingView боюнча BTCUSD
Unsplash.com сайтында Канчанарадан тандалган сүрөт, TradingView.com, Glassnode.com диаграммалары
Source: https://bitcoinist.com/not-your-keys-bitcoin-exchange-outflows-new-ath/