The number of BTC sitting on exchanges has declined to a 3-year low. Wholecoiners are on the rise charting a new all-time high.
With bitcoin losing nearly half its value at one point a week ago and marking an 18-month low, the asset’s situation seemed gloomy at best. However, there are some positive signs as investors have been continuously withdrawing their BTC holdings from exchanges.
A lot has been said about what transpired in the crypto market in the past several weeks, starting from the end of March when BTC was close to $50,000. After failing at that point, the asset began what later became theThis massive downturn was exacerbated by the adverse developments surrounding the Terra landscape in May and Celsius in June.
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