Bitcoin
Bitcoin (BTC)
$64,081.00 2.17076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,427.01 2.36288
Ethereum price
BNB
BNB (BNB)
$573.28 1.07929
BNB price
Solana
Solana (SOL)
$157.42 3.18526
Solana price
XRP
XRP (XRP)
$0.5472620 2.84358
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 7.92517
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.00843
Pepe price
Bonk
Bonk (BONK)
$0.0000271 11.86702
Bonk price
Bitcoin
Bitcoin (BTC)
$64,081.00 2.17076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,427.01 2.36288
Ethereum price
BNB
BNB (BNB)
$573.28 1.07929
BNB price
Solana
Solana (SOL)
$157.42 3.18526
Solana price
XRP
XRP (XRP)
$0.5472620 2.84358
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 7.92517
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.00843
Pepe price
Bonk
Bonk (BONK)
$0.0000271 11.86702
Bonk price
Bitcoin
Bitcoin (BTC)
$64,081.00 2.17076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,427.01 2.36288
Ethereum price
BNB
BNB (BNB)
$573.28 1.07929
BNB price
Solana
Solana (SOL)
$157.42 3.18526
Solana price
XRP
XRP (XRP)
$0.5472620 2.84358
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 7.92517
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.00843
Pepe price
Bonk
Bonk (BONK)
$0.0000271 11.86702
Bonk price
Bitcoin
Bitcoin (BTC)
$64,081.00 2.17076
Bitcoin price
Ethereum
Ethereum (ETH)
$3,427.01 2.36288
Ethereum price
BNB
BNB (BNB)
$573.28 1.07929
BNB price
Solana
Solana (SOL)
$157.42 3.18526
Solana price
XRP
XRP (XRP)
$0.5472620 2.84358
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000194 7.92517
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 27.00843
Pepe price
Bonk
Bonk (BONK)
$0.0000271 11.86702
Bonk price

Bitcoin moves off exchanges following FTX collapse, addresses in loss at all-time high

News
Bitcoin moves off exchanges following FTX collapse, addresses in loss at all-time high

The FTX disaster spurred Bitcoin‘s community to do as they preach and move their coins off of exchanges.

The bankruptcy of major cryptocurrency exchange FTX may have left over one million creditors and a never-before-seen level of distrust in crypto service providers. This resulted in a mass migration of funds off those platforms and an inflow of new users to decentralized alternatives such as decentralized exchanges (DEXs).

Data provided by on-chain analysis service Glassnode also reveals that the seven day moving average of the number of addresses receiving Bitcoin from cryptocurrency exchanges reached a four-year high of 3,775 BTC — equivalent to over $64 as of press time.

Other than a sign of growing distrust towards crypto exchanges, the increase in outflows is also likely to be a sign of Bitcoin accumulation picking up after Bitcoin lost a significant portion of its value in following the fall of FTX. Glassnode data also shows that today the seven day average of the number of Bitcoin addresses in loss also reached a new all-time high earlier today.