Investors are withdrawing their Bitcoin (BTC) en masse from crypto exchanges, according to data from on-chain data provider Santiment. So much so that only 10.87 percent of the circulating supply of Bitcoin (BTC) is traded on exchanges.
Bitcoin Supply Decreases in Stock Exchanges
As you remember, the first months of 2022 were not very pleasant for crypto markets. However, Bitcoin (BTC) signals, which have risen again in the past two months, have also affected altcoins and brought the crypto money market back to $ 2 trillion.
On the other hand, Bitcoin, which had a correction in the past days, regressed to the $ 42,000 band. In addition, Santiment analysts are of the opinion that these large withdrawals will prevent any major sales at this time.
Finally, Santiment emphasized that this volatility affects not only Bitcoin but also other stock markets, and that the increased volatility will continue as long as the spikes in this issue continue. So much so that the company stated that the reason why Bitcoin fell from $ 43,863 to $ 41,928 on Friday was due to the Russian invasion of Ukraine talks.
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