According to TechFlow, Bitcoin (BTC) and Ethereum (ETH) have recently withdrawn from centralized exchanges on a large scale. The latest data shows that the user balances of these two major cryptocurrencies have dropped to their lowest level in four years, and analysts interpret this move as a positive sign for the future.
As investors await higher prices in the bull run, user balances of Bitcoin (BTC) and Ethereum (ETH) on centralized exchanges have dropped significantly, with the value of Bitcoin falling to less than 2.3 million, or about $158 billion, and the value of Ethereum falling to less than 16 million, or less than $58 billion, according to data from Glassnode.
