The volume of bitcoin on exchanges has decreased to the lowest value in three years, Garantex reports.
Not too long ago, the bitcoin rate fell to $17,500, which was the lowest value in a year and a half. After that, investors and miners quickly dumped some of the accumulation into the main cryptocurrency, and many did so at a loss.
Now, Bitcoin has recovered to $21,000 and according to data from Glassnode, the market is on the brink of a positive turnaround. Whales are actively withdrawing bitcoins to trading platforms, as a result of which the number of coins on exchanges has dropped to 2.384 million.
Retail investors are returning to the market, whose interest in acquiring bitcoin is growing. As a result, the number of addresses holding 0.01 bitcoins reached an all-time high of 10,321,013.
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Source: IXBT
