$3 billion in Bitcoin left exchanges this week amid FTX contagion fears By Cointelegraph


$3 billion in Bitcoin left exchanges this week amid FTX contagion fears

(BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days.

New data from on-chain analytics firm Glassnode shows the number of wallets receiving BTC from exchange addresses hit almost 90,000 on Nov. 9.

Bitcoin exchange receiving addresses chart. Source: Glassnode
Bitcoin exchange receiving addresses chart. Source: Glassnode/ Twitter
Bitcoin exchange reserve chart. Source: CryptoQuant
BTC balance on exchanges chart. Source: Coinglass
1-hour candle chart (Bitstamp). Source: TradingView