ChainCatcher news, according to data from cryptoquant.com, in the past seven months, a total of $26 billion worth of Bitcoin and Ethereum have flowed out of centralized exchanges. Miners’ Bitcoin reserves are also dwindling, with 29,377 BTC sold, bringing reserves down to 1.81 million BTC.

Since the beginning of 2024, 330,560 BTC (worth $20.8 billion) and 1.9 million ETH (worth $5.2 billion) have flowed out of the exchange.

Meanwhile, Ethereum-based USDT saw significant inflows, rising from $12.6 billion to $21.7 billion. The number of Bitcoins currently on exchanges has dropped to its lowest level since November 2018.