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BTC Exchange Balance Hits the Lowest Level in 4 Years
Cryptocurrency The world’s largest cryptocurrency, Bitcoin (BTC) is currently going through a substantial price recovery after losing almost 70% of its value in the past eight months. Amid the latest market recovery, the BTC balance on leading digital exchanges is plunging. According to Glassnode, an on-chain analytics platform, the Bitcoin exchange balance reached 2.37 million BTC on Friday, the lowest level since July 2018. Coinbase suffered the most due to the recent balance dip. In July 2022, Binance became the digital exchange with the largest Bitcoin holdings. On 6 August 2022, BTC stayed above $23,000 after a jump of approximately […]