Quick Take
Bitcoin exchange deposits hit a three-year low.
While exchange withdrawals are starting to outpace deposits for the first time since the SVB collapse back in March.
This suggests fewer investors are willing to part with their Bitcoin and send it to exchanges.
This isn’t suggesting withdrawals are increasing. They are staying relatively flat, emphasizing the deposits falling rapidly.
Bitcoin exchange deposits = 45,000 Bitcoin
Bitcoin exchange withdrawals = 51,176 Bitcoin
Exchange Dominance: (Source: Glassnode)
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