CoinGlass: Traders Withdraw 177,000 BTC from Exchanges in a Week

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CoinGlass experts have said that after Bitcoin fell to a two-year low, investors started withdrawing their assets from exchanges. They claim that more than 177,000 BTC worth about $3 billion were withdrawn from crypto trading platforms last week.

Glassnode analysts have said that the largest outflow of Bitcoins was seen on Huobi, Gate.io and Crypto.com.

The fall in the volume of crypto on the exchanges does not necessarily mean there are no risks of new sales.

At any moment, the pressure can increase, and a new reset will follow. In the coming days, the situation around FTX may have a huge impact on the mood of traders.

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