Bitcoin investors withdraw BTC from stock market-Somag News

Bitcoin investors withdraw their BTC from the stock market: what does it mean?

The amount of Bitcoin in crypto exchanges has dropped to its lowest level in the last 8 months. This shows that investors have withdrawn their BTC from their exchanges and are carrying it to their private wallet.

Bitcoin’s entry into cryptocurrency has increased since early March, reaching unprecedented levels between March 9 and March 16. Now the latest data shows that Bitcoin investors are withdrawing their BTC from trading.

According to cryptocurrency analyst Glassnode, investors quickly withdraw their BTC from exchanges and transfer them to their private wallets. The amount of Bitcoin in exchanges has dropped to the lowest level in the past 8 months.

“Despite the volatility, Bitcoin holders withdraw their money from trading,” said Glassnode. Cash outflows from trade have been increasing day by day since March 18. The amount of Bitcoin exchanges is at the lowest for about 8 months. expressions have been used.

This may indicate that investors have decided to wait and not to trade for the long term, or that they are concerned about the liquidity of the stock markets during a new market downturn.

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