RATE Group | Users Are Holding $220 Million More Bitcoin Since the Halving
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Users Are Holding $220 Million More Bitcoin Since the Halving

14 May Users Are Holding $220 Million More Bitcoin Since the Halving

Posted at 11:39h in Bitcoin News by

Almost 24,000 Bitcoin (BTC) have been withdrawn from exchanges since Bitcoin’s halving on May 11, according to Bitcoin Exchange Net-Flow data from on-chain market analysis platform Glassnode. The trend of Bitcoin flowing out of exchanges started in mid-April and has continued with only a short reprieve in the hours before and after the halving:

This trend could signify two new developments — that current users are taking more responsibility for their own funds rather than trusting exchanges, or that a large portion of new users are looking at Bitcoin as a store of value rather than as a trading asset.

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