Bitcoin holders seem to be accumulating BTC, with inactive addresses hitting all-time highs across one-, three- and five-year time domains while exchange outflows continue.
Cryptocurrency exchange Bitcoin holdings. Source: Coinglass.
Binance tops the list with some 543,281 BTC on its books, but the exchange has seen significant Bitcoin outflows over the past 30 days. 21,645 BTC has been withdrawn from Binance in the last month. Coinbase Pro’s BTC balance of 435,530 BTC puts leaves it second on the list, with the U.S. based exchange also having seen 3,612 BTC withdrawn from its platform over the last 30 days.
OKX is the only exchange in the top ten that recorded a significant inflow of Bitcoin in the last 30 days, with 4,630 BTC being moved onto the platform over the past month.
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