Nearly $11 billion of BTC and ETH have flowed out of mainstream centralized exchanges in the past 30 days
According to data from Cryptoquant the Bitcoin (BTC) reserves of centralized exchanges are decreasing. In the past 30 days, from May 13th to June 13th, centralized exchanges have seen an outflow of 105,706 BTC, worth $7.05 billion. During the same period, Ethereum also decreased by 1.08 million coins, worth $3.7 billion. Meanwhile, data shows that the total amount of ERC20 stablecoins on all exchanges has slightly increased from $21.46 billion to $22.09 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget donates HK$12 million to support fire rescue and reconstruction efforts in Tai Po, Hong Kong
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
