Link copied Mon, 08 Mar 2021, 06:22 am UTC
Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months.
The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch.
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Bitcoin (BTC)
$64,652.60 (+3.89%)
Ethereum (ETH)
$3,085.21 (+2.06%)
Tether USDt (USDT)
$1.00 (+0.05%)
BNB (BNB)
$559.60 (+3.32%)
Solana (SOL)
$143.37 (+7.53%)
Bitcoin (BTC)
$64,652.60 (+3.89%)
