Bitcoin Balance on Exchange Sees Macro Decline

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On-chain metrics reveal that Bitcoin balance on cryptocurrency exchanges continued its macro decline. The figures have reached 2.4 million BTC, which is around 12.6% of the circulating supply. According to Glassnode, Bitcoin exchange balances witnessed a macro outflow of more than 4.6% of the circulating supply after reaching an all-time high on March 2020. Source: Glassnode The balance on exchanges shrunk considerably in the last few months. This is a healthy sign of Bitcoin’s long-term pe ...

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