Bitcoin Exchange Balance Hits Three-Year Low

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Bitcoin balance on cryptocurrency exchanges.

Total bitcoin on exchanges has hit another three-year low today, with 2,408,237 BTC across all reported exchanges.

The total bitcoin on exchanges has hit another three-year low, with 2,408,237 BTC reported. — Total bitcoin balance on cryptocurrency exchanges peak versus now.

When looking at the net daily transfer volume on exchanges with a 30-day moving average applied, it can be seen how different this recent sell-off and subsequent derivatives market liquidation was compared to the one seen in April/May.

During the May sell-off, 5,149 BTC were deposited per day on average during the peak of the sell-off. Comparatively, today 1,178 BTC have been withdrawn from exchanges per day on average over the last month.

Net transfer volume of bitcoin from and to cryptocurrency exchanges.