Record 57K BTC leave exchanges in one day, dropping Bitcoin reserves to pre-crash levels

Cointelegraph

Published Jul 29, 2021 04:45AM ET

Updated Jul 29, 2021 06:40AM ET

Bitcoin (BTC) demanded a $40,000 resistance flip on Thursday as on-chain data revealed large withdrawals from exchanges.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rise to challenge the upper end of its trading range once more on Thursday.

Bitcoin exchange net flows chart. Source: CryptoQuant
Bitcoin balance on exchanges chart. Source: Bybt
BTC/USD buy and sell levels (Binance) as of July 29. Source: Material Indicators/Twitter

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