The amount of bitcoins held by exchange platforms continues to decline. Since March, nearly 10% of BTC present on the wallets of exchanges have disappeared.
This Friday, August 21, 2020, the exchange platforms have 2,620,818 bitcoins . This represents 14% of the total amount of BTC in circulation. This quantity has only weakened, and the exchanges had not held so few bitcoins since November 2018 .
But it's worth pointing out that if this amount drops, the dollar value of those bitcoins has only grown . Since its all-time low this year (March 12), the price of bitcoin has increased by 240% .
The volumes of trading also significantly decreased . During the March crash , 60 billion BTC were traded daily. Today, the daily volume represents 22 billion dollars .
Bitcoin: weekly trading volumes since February 2020 - data.bitcoinity.org
Are the big whales patiently waiting for the arrival of fresh capital to propel Bitcoin into a bullrun of madness? Anyway, most of the holders made a profit!
Average bitcoin price for all addresses with a positive balance - IntoTheBlock
According to IntoTheBlock, 89% of BTC holders received their bitcoins at an average value lower than the current price. I hope you are one of them!
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