Bitcoin exodus from Binance: 20K BTC withdrawn in just seven days

0

Quick Take

  • Binance halted withdrawals last week due to the surge in miner fees and is now looking at options such as the Bitcoin lightning network.
  • There were reports on Twitter with significant outflows from Binance, but this was confirmed as internal wallet movements.
  • However, with data from Glassnode, we can now see that 20,000 Bitcoin have left Binance in the past seven days.
  • This is the fourth biggest withdrawal period in the past two years, only eclipsed by the FTX collapse and the China mining ban in the summer of 2021.
  • Both times were at local price bottoms.
Binance Exchange Balance: (Source: Glassnode)

The post Bitcoin exodus from Binance: 20K BTC withdrawn in just seven days appeared first on CryptoSlate.

Credit: Source link

Leave A Reply

Your email address will not be published.