BIG Week for #BITCOIN: 100,000 Bitcoins Removed From Exchanges ->
👇1-11) Currently, near the top of its range, Bitcoin faces a challenge in breaking above new all-time highs. This can be attributed to the Bitcoin halving on April 20. Following this event, the minting of stablecoins notably slowed down, and wallets holding $>10m in stablecoins declined. This trend is currently impeding Bitcoin from surpassing its all-time highs.
👇2-11) Over the past month, a substantial amount of Bitcoins, worth $6.75bn, were withdrawn from exchanges (-97k BTC, nearly -100k BTC). This record-breaking movement was primarily driven by two US-focused exchanges, Kraken (-55k BTC or $3.8bn) and Coinbase (-24k BTC or $1.7bn).
👇3-11) Read the full report: https://mail.10xresearch.co/p/big-week-bitcoin-100000-bitcoins-removed-exchanges
