In the past 24 hours, more than 180,000 $BTC has been withdrawn from market exchanges.
The reasons for this withdrawal can be divided into two directions as follows:
Positive: Stemming from the "BRC-20 fever" on the Bitcoin network, at the same time pushing up gas fees and demand for BTC => Demand to withdraw $BTC from exchanges skyrocketed.
Negative: The fact that major exchange B temporarily suspended deposits and withdrawals on the BTC network has created concern among users => Individual investors withdraw $BTC to their wallets to prevent risks.
The last time Bitcoin Exchange Reserve (BER) parameters dropped sharply was during the chain of events that collapsed FTX and Alameda Research in November 2022.
The Bitcoin Exchange Reserve specification indicates the amount of $BTC stored on centralized exchanges (CEX).
The sharp decrease in this parameter makes us inclined to "fear" and "be wary" of risks on trading floors in the near future of individual investors. In the past 24 hours, has anyone withdrawn money from exchanges to their personal wallets 🤔?
