Bitcoin
Bitcoin (BTC)
$98,224.00 0.45807
Bitcoin price
Ethereum
Ethereum (ETH)
$3,713.02 -1.07606
Ethereum price
BNB
BNB (BNB)
$689.05 -1.46458
BNB price
Solana
Solana (SOL)
$224.89 3.96577
Solana price
XRP
XRP (XRP)
$2.37 6.49388
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.34306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000236 -6.36988
Pepe price
Bonk
Bonk (BONK)
$0.0000375 -0.88167
Bonk price
dogwifhat
dogwifhat (WIF)
$2.96 1.5669
dogwifhat price
Popcat
Popcat (POPCAT)
$1.23 6.76641
Popcat price
Bitcoin
Bitcoin (BTC)
$98,224.00 0.45807
Bitcoin price
Ethereum
Ethereum (ETH)
$3,713.02 -1.07606
Ethereum price
BNB
BNB (BNB)
$689.05 -1.46458
BNB price
Solana
Solana (SOL)
$224.89 3.96577
Solana price
XRP
XRP (XRP)
$2.37 6.49388
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.34306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000236 -6.36988
Pepe price
Bonk
Bonk (BONK)
$0.0000375 -0.88167
Bonk price
dogwifhat
dogwifhat (WIF)
$2.96 1.5669
dogwifhat price
Popcat
Popcat (POPCAT)
$1.23 6.76641
Popcat price
Bitcoin
Bitcoin (BTC)
$98,224.00 0.45807
Bitcoin price
Ethereum
Ethereum (ETH)
$3,713.02 -1.07606
Ethereum price
BNB
BNB (BNB)
$689.05 -1.46458
BNB price
Solana
Solana (SOL)
$224.89 3.96577
Solana price
XRP
XRP (XRP)
$2.37 6.49388
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.34306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000236 -6.36988
Pepe price
Bonk
Bonk (BONK)
$0.0000375 -0.88167
Bonk price
dogwifhat
dogwifhat (WIF)
$2.96 1.5669
dogwifhat price
Popcat
Popcat (POPCAT)
$1.23 6.76641
Popcat price
Bitcoin
Bitcoin (BTC)
$98,224.00 0.45807
Bitcoin price
Ethereum
Ethereum (ETH)
$3,713.02 -1.07606
Ethereum price
BNB
BNB (BNB)
$689.05 -1.46458
BNB price
Solana
Solana (SOL)
$224.89 3.96577
Solana price
XRP
XRP (XRP)
$2.37 6.49388
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000276 1.34306
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000236 -6.36988
Pepe price
Bonk
Bonk (BONK)
$0.0000375 -0.88167
Bonk price
dogwifhat
dogwifhat (WIF)
$2.96 1.5669
dogwifhat price
Popcat
Popcat (POPCAT)
$1.23 6.76641
Popcat price

Over $1b worth of Bitcoin left exchanges in 7 days

over-1b-worth-of-bitcoin-left-exchanges-in-7-days
Edited by
Markets
Over $1b worth of Bitcoin left exchanges in 7 days

On-chain data shows increased Bitcoin outflows from cryptocurrency exchanges, showing potential accumulation.

According to data provided by IntoTheBlock, centralized crypto exchanges saw a net outflow of over 16,500 Bitcoin (BTC) — worth over $1.01 billion — in the past seven days. Around 2,200 BTC left these platforms in the past 24 hours alone.

Over $1b worth of Bitcoin left exchanges in 7 days - 1
BTC price and exchange net flows – Sept. 3 | Source: IntoTheBlock

ITB data shows that most of the net outflows happened on Aug. 27.

On Aug. 27, Binance, the largest cryptocurrency exchange by trading volume, witnessed a net outflow of 48,000 BTC, per a crypto.news report. The platform saw an outflow of over $3.7 billion worth of Bitcoin and Ethereum (ETH) in 30 days.

The increased net outflows show that investors have been accumulating the asset despite bearish expectations for September.

Per data from ITB, large Bitcoin wallets, holding at least 0.1% of the circulating supply, saw a net outflow of 1,123 BTC — worth over $66.2 million — over the past two days.

A crypto.news report on Aug. 29 shows that the Bitcoin reserves on crypto exchanges dropped to 2.38 million BTC, hitting 2024 lows. This movement shows that the accumulation phase might have started.

When investors move assets to their self-custodial wallets, it’s often a sign of bullish expectations. While September has usually been bearish for the BTC price, data shows that October’s monthly gains over the past 11 years have been impressive.

Bitcoin had a bearish start to this month but regained 2.1% over the past 24 hours. BTC is trading at $58,900 with a market cap of $1.16 trillion at the time of writing. The asset’s daily trading volume is currently hovering at the $25 billion mark.