Bitcoin holders continue to withdraw their coins from cryptocurrency exchanges, the latest Glassnode platform data testifies to this.
The trend for the outflow of BTC from trading floors has been dominating since March, that is, after the infamous Black Thursday, when bitcoin collapsed to an annual low.
Last Thursday, July 9, a new record was set for the number of bitcoins withdrawn from trading floors in one day.
On the eve, it was withdrawn 20,660 BTC more than placed on exchanges. That is the greatest daily outflow of cryptocurrency in 2020.
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The largest number of coins was withdrawn from the Coinbase exchange (20,787 BTC). With other trading floors, there was also a withdrawal of funds in BTC, but to a lesser extent.
Researchers previously periodically drew attention to the desire of investors to switch to long-term storage of cryptocurrency. The number of bitcoin addresses that do not move coins continues to grow.
Recently, IntoTheBlock team analyst Daniel Ferraro wrote on his blog that over the past 12 months, there has been a steady growth in the number of wallets that prefer to hold bitcoins for more than one year.