Over the past 60 days, the number of bitcoins held on centralized crypto exchanges has decreased. According to crypto analyst from HODL15Capital, more than 200,000 BTC has been withdrawn from exchanges, indicating a shift in market sentiment.
The largest outflow of bitcoins was recorded by the cryptocurrency exchange Coinbase (NASDAQ:COIN), which lost 86,316 coins over two months. Currently, the platform has a balance of 740,491 BTC. Investors have withdrawn 42,865 bitcoins from Binance, leaving the exchange with 558,827 coins. Over the past 60 days, Kraken has lost 13,076 BTC, Gemini — 10,188 BTC, and Upbit — 6,024 BTC. During the same period, the cryptocurrency platforms Bitfinex and Robinhood (NASDAQ:HOOD) recorded outflows of 9,023 BTC and 2,100 BTC, respectively.
Currently, the total balance of bitcoins on all exchanges is 2,435,446 coins.