Exchanges' Bitcoin Reserves Fall to Lowest Level Since November 2018
San Francisco cryptocurrency exchange and hosting service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1, according to data from the past 40 days. Meanwhile, Coinbase has reported inflows of around 30,082 BTC over the same period. Despite these changes, the centralized exchange has experienced withdrawals of 70,966 BTC, worth $4 billion, over the past eight days.
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.
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