A Significant Drop in Bitcoin on Exchanges
As of early September 2024, cryptocurrency exchanges globally hold approximately 2.39 million Bitcoins, valued at around $139.86 billion at current prices. This drop from a peak of nearly 3.2 million BTC in March 2020 represents a significant shift in Bitcoin storage practices.
The decrease is not just a minor fluctuation; it’s the most substantial reduction in Bitcoin balances on exchanges in recent years.·
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