Editor's PiCK
Binance Bitcoin Holdings Hit Lowest Since January
JOON HYOUNG LEE
Summary
- Binance's Bitcoin holdings have hit their lowest point since January this year.
- Since last August, Binance's Bitcoin holdings have been continuously decreasing.
- This indicates that investors are withdrawing Bitcoin from the exchange instead of depositing it for short-term sales.
Binance's Bitcoin (BTC) holdings have reached their lowest point since January this year.
According to the virtual asset analysis platform CryptoQuant on the 26th, Binance's Bitcoin holdings have been steadily decreasing since last August. Recently, Binance's Bitcoin holdings hit their lowest level since January this year.
It is analyzed that expectations for the long-term growth of Bitcoin are also increasing. The decrease in Binance's Bitcoin holdings means that investors are withdrawing Bitcoin from the exchange instead of depositing it for short-term sales.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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