Monthly record Bitcoin output from exchanges rose to 179 thousand!


According to the data, the amount of Bitcoin (BTC) that investors withdraw from exchanges continues to run to a record.

According to data from on-chain analytics company Glassnode on November 23, the monthly amount of BTC withdrawals from major exchanges has increased to 179 thousand.

Major exchanges witnessed record highs in BTC

As the FTX crash continues to wreak havoc on the market, users of the exchange are busy pulling their assets into unattended wallets.

As Cointelegraph previously reported, $3 billion worth of assets were withdrawn from exchanges following the crisis in FTX.

Glassnode data revealed that as of November 23, there was the largest ever BTC outflow from exchanges in almost a month. According to the data, the tendency to withdraw assets from stock markets still continues.

Glassnode’s “Net Position Change in Exchanges” metric determined the amount of BTC withdrawn from exchanges in the last 30 days as 178,683. This metric covers all exchanges, including FTX.

Monthly record Bitcoin output from exchanges rose to 179 thousand!
Graph of the net change in BTC positions of exchanges. Source: Glassnode

On a daily basis, the habits and actions of the stock market customers are quite volatile. The last record amount of BTC withdrawn from exchanges on a daily basis was 140,000 on November 9th. Since then, withdrawals have decreased somewhat. Locally, 19 BTC outflows took place on November 19.

However, since then, the trend has reversed again, with a total of more than 86,000 BTC outflows on November 23, according to Glassnode data.

Monthly record Bitcoin output from exchanges rose to 179 thousand!
Total BTC transfer volume in the chart of exchanges. Source: Glassnode

MT. BTCs stolen in Gox hack transferred to HitBTC

CryptoQuant, another on-chain analytics company, was founded in 2014 by Mt. He warned that most of the BTCs stolen in the cyber attack that occurred in Gox were mobilized.

It may interest you: The monthly amount of BTC withdrawn from exchanges broke a record

According to Ki Young Ju, CEO of CryptoQuant, Mt. 65 BTC from assets stolen from Gox was transferred to the cryptocurrency exchange HitBTC.

Ju shared a post on his official Twitter account and made the following statements: “7 years later, 10 thousand BTC took action today. All 10 thousand BTC in action are MT. Assets stolen as a result of Gox’s cyberattack. Criminals transferred 65 BTC to the HitBTC exchange hours ago.”

Ju also invited HitBTC to freeze the said assets.

Monthly record Bitcoin output from exchanges rose to 179 thousand!
Bitcoin inflows on exchanges (BTC last moved 7 years ago). Source: CryptoQuant

In a report published on November 23, Chainalysis stated that various exchanges received Bitcoins in private wallets and BTC-e, among others.

As Cointelegraph noted, the action of old cryptos last September created an atmosphere of panic in the market.

All opinions and expressions shared in this news belong to the author only and do not reflect the views of ‘Cointelegraph.com’. Every investment and trading move involves risk; Therefore, we recommend that you do your own research when making an investment decision.

Soruce : https://tr.cointelegraph.com/news/bitcoin-exchanges-see-180k-btc-supply-decrease-amid-mt-gox-btc-sales

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