Bitcoin and Ethereum stocks on stock exchanges continue to run out, falling to major low, according to recent analytical data
Data provided by major on-chain analytics vendor Glassnode shows that investors continue to withdraw their Bitcoin from centralized crypto exchanges; they have been doing it for almost two years.
Glassnode’s screenshot was shared by a leading Bitcoin dedicated Twitter account: “Bitcoin Archive”.
By now, the Bitcoin supply across exchanges has dropped to a three-year low, according to the chart.
Bitcoin traded in a range between $ 62,000 and $ 61,000 after falling below the $ 60,000 area earlier today.
The CIO of Moskovski Capital has shared a similar Glassnode chart regarding Ethereum—reserves of the second-largest crypto on exchanges have also been melting as investors are withdrawing ETH to cold wallets for long-term storage. It has declined to 12.2% now.
At the time of publication, Bitcoin is changing hands at $ 61,885 and Ethereum is at $ 4,350, according to CoinMarketCap.
