More than 200,000 BTC withdrawn from major exchanges over the past two months, indicating a market shift.
Coinbase records the largest withdrawal, followed by Binance, with notable outflows.
Bitcoin’s price declined while trading volume increased during recent market activity.
Bitcoin has seen a drop in its holdings over the past 60 days, with a decline in the amount of BTC stored on different exchanges. According to crypto analyst HODL15Capital, over 200,000 BTC were withdrawn from exchanges, suggesting a shift in market sentiment.
Investors pulled 204,000 Bitcoin from exchanges in 60 days 
pic.twitter.com/n0whBLP9iY
— HODL15Capital 
(@HODL15Capital) December 19, 2024
The withdrawals span several exchanges, including Coinbase, Binance, Kraken, and Gemini. The largest share of Bitcoin outflows occurred at Coinbase, which lost 86,316 BTC. Even so, the exchange still holds 740,491 BTC. Binance shed 42,865 BTC, bringing its balance to 558,827 BTC.
Exchanges such as Kraken, Gemini, and Upbit have also seen withdrawals, with Kraken down 13,076 BTC, Gemini losing 10,188 BTC, and Upbit withdrawing 6,024 BTC.
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The post Bitcoin Exchange Holdings Plummet: 200K BTC Withdrawn in 60 Days appeared first on Coin Edition.
