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Since January, Bitcoin miners and exchanges have reduced their reserves by 183,253 BTC

Since January, Bitcoin miners and exchanges have reduced their reserves by 183,253 BTC

Bitget2024/06/08 02:47
BTC+1.64%

Data shows that in the 158 days since the beginning of this year, the number of Bitcoins held by exchanges and miners has decreased by 183,253 BTC, worth nearly $13 billion. These funds were withdrawn from the joint wallets of miners and exchanges, with approximately 90.95% of Bitcoin withdrawals coming from cryptocurrency exchange reserves. About 9.05% (i.e., 16,578 BTCs valued at $1.17 billion) was withdrawn from the collective addresses of current BTC miners.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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