For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M

Cointelegraph

Published Oct 22, 2020 02:49PM ET

Updated Oct 23, 2020 06:00PM ET

On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years.

Source: Glassnode.

Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by the world finally realizing that only Bitcoin offers sound monetary policy:

Source: Glassnode.
Source: Digital Assets Data.
The biggest losers: Exchanges that led the trend. Source: Cointelegraph, Glassnode.

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