Bitcoin Stocks on Exchanges Hit a Four-Month Low |

This happened after the largest outflow of digital coins in a year was recorded against the background of the collapse of cryptocurrency quotes on May 19.

The number of bitcoins on cryptocurrency exchanges has reached a minimum in the last four months, according to the analytical company Glassnode. Analysts also noticed large-scale withdrawals of the main cryptocurrency from decentralized platforms, where transactions are made directly.

Before the collapse of the bitcoin price to $30 thousand on May 19, the largest influx of digital coins on crypto exchanges was recorded. In one hour, almost 23 thousand digital coins were brought to the trading platforms.

At the same time, the largest influx of bitcoins to the Binance cryptocurrency exchange in the entire history of its existence was noted. In 48 hours, users transferred 38 thousand bitcoins to the platform’s accounts, which at that time was equal to $1.38 billion.

After that, on the evening of May 19, there was the largest outflow of digital coins for the year. Users of crypto exchanges for a day brought to cold wallets about 175 thousand bitcoins for $7 billion at the exchange rate at that time.

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