Bitcoin (BTC) exchanges may have just seen the largest exodus of user funds ever, data suggests.Data from on-chain analytics firm Glassnode shows that on Nov.
23, major exchanges were down almost 179,000 BTC in monthly withdrawals.With FTX contagion still in the air, exchange users have been busy withdrawing funds to noncustodial wallets.As Cointelegraph reported, $3 billion worth of cryptocurrency left major platforms in the immediate aftermath of FTX imploding.That trend is ongoing, Glassnode shows, with its data capturing the largest-ever decrease in exchange BTC reserves for the 30 days to Nov.
23.Glassnode’s Exchange Net Position Change metric puts the 30-day change of the BTC supply held in exchange wallets at -178,683 BTC.
The metric covers 20 exchanges, including FTX.On a day-to-day basis, exchange user habits remain volatile. After seeing nearly 140,000 BTC in daily outflows on Nov.Read more on cointelegraph.com