May 5, 2024

Bitcoins worth $ 2.3 billion were withdrawn from the Binance exchange in a day

According to the analytical company CryptoQuant, there was an outflow of 38.2 thousand bitcoins from the trading platform.

Behindlast day with the largest in terms of trading volumeBinance cryptocurrency exchange withdrew 38.2 thousand bitcoins worth about $ 2.3 billion, taking into account the current cryptocurrency rate at 15:25 Moscow time. This is indicated by data from the analytical company CryptoQuant.

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The outflow of funds from crypto exchanges is usually associated withactive purchases. For example, on the evening of May 19, after the bitcoin rate fell by a third per day, to $ 30 thousand, the largest withdrawal of digital coins in a year was recorded. Users withdrew about 175 thousand BTC for $ 7 billion to cold wallets at the exchange rate at that time.

In mid-October, the number of bitcoins oncrypto exchanges have dropped to a low in three years. The current wave of declining stocks of the first cryptocurrency on trading floors began at the end of July, when bitcoin went into recovery after falling to $ 28.8 thousand. At the moment, the cryptocurrency is trading at about $ 62.9 thousand.

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