Bitcoin owners will pull out after Halving their capital from stock exchanges
Current data suggest that Bitcoin took Users more than 24,000 BTC of crypto-exchanges
Bitcoin (BTC) in the value of more than 220 million USD have left centralized stock exchanges in accordance with the BTC Halving to rewards in the Blockchain at the 11.05.2020
Statistical data from the home Glassnode, the Bitcoin exchanges Net flows from the removal of more than 24,000 BTC by holders of crypto stock exchanges since Tuesday of this week.
Said data since April, a Trend that investors BTC-deduct investments from the stock exchanges. Glassnode also suggests, “the net flow of exchanges have decreased significantly”, if you compare data from before and after the BTC Halving. The Halving itself has, however, seemingly not particularly on the previously started Trend:
“In the hours before and after the Bitcoin Halving of the stock exchanges fell-net flow significantly. To date, the bisector event had no impact on the 2020-it Trend with a view to the capital-withdrawals of stock exchanges by the investors. This is the result of the On-Chain market analysis platform at 13. May in a Posting on Twitter.
With Huobi, Bitfinex and BitMEX three well-known stock exchanges have reduced since April your own BTC reserves significantly. From the platform Huobi since the 12 were. April, about 20,000 in Bitcoin (BTC) is removed, in the case of Bitfinex, there were approximately 71,000 BTC, which is why the volume of goods currently, only 134.000 to formerly 205.000 mid-April.
In the case of BitMEX, it was at the Moment of the BTC slump in March of this year, approximately 228,000 BTC as a Reserve. According to Chain.info there are at the Moment, around 214.000 Bitcoin.
In the past 24 hours Binance, Bitfinex, and Kraken with -1,66 %, and 1.52 %, respectively -1,00 % have recorded significant reserves, fluctuations.
These withdrawals Despite the reserves of the major competitors such as Binance, OKex, and Coinbase at a stable high level.
In the case of chain.info the Top 10 is, of crypto-exchanges hold together nearly 14 % of the outstanding BTC offer. The above-mentioned stock exchanges have a combined On-a-Chain-Reserve of 2.3 million BTC, which puts it in the current BTC exchange rate, to a total value of € 21.7 bn USD.
The stock exchange Coinbase leading the list these days. Your On-Chain-result is 970.247 BTC, Huobis value is 358.093, followed by OKEX with 259.474 BTC. Then Binance with 174.848 BTC, Kraken (130.727 BTC), Bitstamp with 124.894 BTC, Bittrex with 113.159 BTC, Bitfinex with “only” 77.490 BTC and BitFlyer with a contingent of 74.059 BTC follow. The provider Poloniex closes the list with still 46.665 Bitcoins.
By the Declaration of a Proof-of-Keys-day Trace Mayer sat in the year the wave of crypto-distances, in a sense, in motion. The Background to this was that stock exchanges for the Safekeeping of digital currency were not a safe place. Hacker attacks after the crash of the infamous exchange Mt.Gox, but also the curious story of the canadian exchange QuadrigaCX to serve as negative examples. And also the reason for the recommendation Bitcoins from exchanges not to withdraw, if investors are in possession of the access key.
