Data shows the monthly Bitcoin exchange outflows have reached a new all-time high as investors have been rushing to get their coins into personal wallets, the keys to which they own.
Safety In Self-Custody: Historical Amount Of Bitcoin Exits Exchanges
ອີງຕາມບົດລາຍງານປະຈໍາອາທິດຫຼ້າສຸດຈາກ ແວ່ນຕາ, BTC is currently exiting exchanges at a rate of 172.7k BTC per month, the highest ever.
ຕົວຊີ້ວັດທີ່ກ່ຽວຂ້ອງຢູ່ທີ່ນີ້ແມ່ນ "ການປ່ຽນແປງຕໍາແຫນ່ງສຸດທິ,” which measures the net amount of Bitcoin going into or out of wallets of all centralized exchanges per month.
When the value of this metric is positive, it means investors have been depositing their coins into exchanges in the past month. Since investors may have been transferring to exchanges for selling purposes, this kind of trend can have bearish implications for the price.
On the other hand, negative values suggest holders have been withdrawing a net amount of BTC recently. Such a trend, when prolonged, could be bullish for the price of the crypto as it might be a sign of ການສະສົມ ຈາກນັກລົງທືນ.
Now, here is a chart that shows the trend in the Bitcoin exchange net position change over the history of the crypto:
Looks like the value of the metric has been highly negative in recent days | Source: Glassnode's The Week Onchain - ອາທິດທີ 47, 2022
As you can see in the above graph, the Bitcoin exchange net position change has been deep red during the last couple of weeks.
Following the latest plunge, the indicator now has a negative value of 172.7k BTC per month, the highest decline that exchanges have seen in the entire history of BTC.
The main reason behind these record outflows can be traced back to the collapse of cryptocurrency exchange FTX.
FTX’s fall and the resulting contagion has once again renewed fear in investors around keeping their coins in the custody of exchanges, where they don’t own the keys to their wallets.
Due to this reignited need for self-custody, Bitcoin holders are now withdrawing their coins at unprecedented levels from all kinds of centralized platforms, so that they can keep them in their personal wallets.
ລາຄາ BTC
ໃນເວລາຂຽນ, ດຣ. ລາຄາຂອງ Bitcoin ລອຍຢູ່ປະມານ $15.7k, ຫຼຸດລົງ 6% ໃນອາທິດທີ່ຜ່ານມາ. ໃນເດືອນທີ່ຜ່ານມາ, crypto ໄດ້ສູນເສຍ 18% ໃນມູນຄ່າ.
ຕາຕະລາງຂ້າງລຸ່ມນີ້ສະແດງໃຫ້ເຫັນແນວໂນ້ມຂອງລາຄາຂອງຫຼຽນໃນຫ້າມື້ທີ່ຜ່ານມາ.
The value of the crypto seems to have plummeted during the last couple of days | Source: BTCUSD ກ່ຽວກັບ TradingView
ຮູບພາບທີ່ໂດດເດັ່ນຈາກ Kanchanara ໃນ Unsplash.com, ຕາຕະລາງຈາກ TradingView.com, Glassnode.com
Source: https://bitcoinist.com/not-your-keys-bitcoin-exchange-outflows-new-ath/