Bitcoin is exiting exchanges at the fastest pace since mid-2021 and is on track to set new historic records in U.S. dollar terms.
Bitcoin (BTC) is leaving exchanges at the quickest rate in years as BTC price action vies for all-time highs.
In a post on X on March 3, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged multibillion-dollar BTC withdrawals.
Mainstream investors may not yet have returned to crypto, but in the background, Bitcoin exchanges are getting drained of BTC reserves.
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