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
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