BTC balance inside CEX continues to decline

BlockBeats message, April 8, according to CryptoQuant data, trading platforms’ BTC balances have continued to decline. Within one year, trading platforms’ BTC balances have fallen by about 100k BTC. Currently, about 867k BTC is still stored on trading platforms.

Analysis believes Bitcoin still benefits from holders who are willing to move supply out of trading platforms rather than constantly redeploy it back into the market.

BTC4.44%
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