Investors Withdraw BTC from Crypto Exchanges
Bitcoin’s supply on crypto exchanges fell to its lowest since May 2019.
Investors are withdrawing the leading cryptocurrency from the accounts of cryptocurrency exchanges, as evidenced by data from Santiment. As a result, the number of BTC on clients’ wallets has fallen to its lowest level since May 2019.
Santiment’s information shows Bitcoin accumulation, which is positive and signals a low probability of a sell-off of the asset.
The accumulation comes despite the recent 20% drop in the price of the first cryptocurrency. Over the last week, Bitcoin has been showing horizontal movement with a slight decline. As of 9 a.m. (GMT+2) on December 15, the asset is trading around $48,000, up 2,75% in the last 24 hours, according to CoinMarketCap.