More Than 200K BTCs Are Moved From Trading Floors in 10 Days
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Investors are massively withdrawing Bitcoins from cryptocurrency exchanges. The trend for the outflow of cryptocurrencies from trading floors intensified after FTX faced financial problems, suspended the withdrawal of funds and finally filed for bankruptcy.
According to CoinGlass, over the past ten days, the outflow of cryptocurrency has exceeded 220,000 coins.
Investors are afraid to store Bitcoins on trading floors and prefer to withdraw them to over-the-counter storage given the situation with FTX.
After the platforms Gemini and Genesis also suspended the withdrawal of funds, fears in the camp of traders intensified even more.
Only on Gemini, the number of Bitcoins per day decreased by 12.5% from 188,500 to 165,000 coins.
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