Bitcoin reserves on exchanges hit 5-year low with $5.96 billion withdrawn in 30 days

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have fallen to an unprecedented level since November 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily decreasing since the beginning of June 2022. Declining Bitcoin Exchange Reserves to 2018 levels In the last month, starting on July 11, 2024, (…)