April 19, 2024

Investors withdrew a record amount of Bitcoin from Coinbase wallets

Glassnode analysts recorded the highest Bitcoin outflow from cryptocurrency exchange wallets this year. INthe moment of market growth on July 8th, users brought 20660 BTC to their own addresses, but the detailing of deposits by sites, on the contrary, showed an increase in assets.

Only the Coinbase crypto-broker turned out to be an outsider, in a day the company's wallets lost 20,787 Bitcoins, despite a larger number of deposits and fewer withdrawals.

Obviously, the funds were withdrawn by a major player,who feared another failure of the site at a time of market growth. Trading apps and the Coinbase website have crashed twice this year when prices fluctuated wildly.

In general, the conclusion of cryptocurrency confirmsThis year's trend, users are increasingly choosing to store coins in their own wallets, switching to trading derivatives. Keeping Bitcoin “on hand” in 2020 opens up additional opportunities: obtaining a loan for margin trading, issuing stablecoins on the Ethereum network.

Tokens issued in exchange for a blockedBitcoin allows you to earn additional interest on deposits or participate in the issue of Dai cryptocurrencies. More advanced financiers use real Bitcoin for a multi-way loan and investment plan on various platforms for the purpose of percentage arbitrage.

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