Tag: Exchanges

Are Bitcoin Holders Exiting US Exchanges? What Data Says

Are Bitcoin Holders Exiting US Exchanges? What Data Says

On-chain data shows that the Bitcoin exchange reserve ratio for US platforms versus offshore platforms has continued to decline recently. Here’s what that tells us. Bitcoin’s FX Reserve Rate Has Been Falling for Some Time As explained by an analyst in a CryptoQuant post, the Read More

Bitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall

Bitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall

Bitcoin has once again found its way above $28,000 despite widespread uncertainty in the cryptocurrency market. This recent bullish move follows news that Binance and its CEO Changpeng Zhao were being sued by the Commodities Futures Trading Commission (CFTC), which triggered major withdrawals from exchanges. Read More