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Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend


by Coin Edition
for CoinEdition

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BTC Liquidity Shrinks: Bull Market Sentiment at Record High
  • Bitcoin exchange balances drop 12.8% in 2024, signaling decreasing liquidity.
  • Coinbase and Binance see significant BTC withdrawals, while OKX sees gains.
  • Rising Bitcoin price aligns with high Fear & Greed Index, suggesting market volatility.

Bitcoin exchange balances are at their lowest point since early 2023. This shows a trend of decreasing liquidity across crypto exchanges.

Bitcoin exchange balances have been falling throughout 2024. The total BTC is now 2.3 million, a decrease of 116,000 BTC in one month. Since the beginning of the year, exchange balances are down 315,775 BTC, around 12.8%.

Exchange Balances Decline

Among the largest exchanges, Coinbase has 783,104 BTC, but this is down 38,311 BTC over the last 30 days and 281,840 BTC since January 1, 2024. Binance has 578,991 BTC, down 29,369 BTC over the past month.

Source: X

Other exchanges like Bitmex and OKX have experienced m…

The post Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 85.38K

-0.87%

$ 0.013

-0.60%

$ 0.00...361

$ 0.0000824

$ 0.000207


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In This News

Coins

$ 85.38K

-0.87%

$ 0.013

-0.60%

$ 0.00...361

$ 0.0000824

$ 0.000207


Share:

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Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend


by Coin Edition
for CoinEdition

Share:

BTC Liquidity Shrinks: Bull Market Sentiment at Record High
  • Bitcoin exchange balances drop 12.8% in 2024, signaling decreasing liquidity.
  • Coinbase and Binance see significant BTC withdrawals, while OKX sees gains.
  • Rising Bitcoin price aligns with high Fear & Greed Index, suggesting market volatility.

Bitcoin exchange balances are at their lowest point since early 2023. This shows a trend of decreasing liquidity across crypto exchanges.

Bitcoin exchange balances have been falling throughout 2024. The total BTC is now 2.3 million, a decrease of 116,000 BTC in one month. Since the beginning of the year, exchange balances are down 315,775 BTC, around 12.8%.

Exchange Balances Decline

Among the largest exchanges, Coinbase has 783,104 BTC, but this is down 38,311 BTC over the last 30 days and 281,840 BTC since January 1, 2024. Binance has 578,991 BTC, down 29,369 BTC over the past month.

Source: X

Other exchanges like Bitmex and OKX have experienced m…

The post Bitcoin Exchange Balances Hit 2024 Lows, Signals Bullish Trend appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 85.38K

-0.87%

$ 0.013

-0.60%

$ 0.00...361

$ 0.0000824

$ 0.000207


Share:

In This News

Coins

$ 85.38K

-0.87%

$ 0.013

-0.60%

$ 0.00...361

$ 0.0000824

$ 0.000207


Share:

Read More

Crypto Fear & Greed Index Plummets to 16: What Extreme Fear Means for Your Portfolio

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BitcoinWorld Crypto Fear & Greed Index Plummets to 16: What Extreme Fear Means for Y...
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