Roughly $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges since May 22, 2022.
’s losses took place during the last month as statistics indicate that 30.4% of bitcoin’s drop in USD value happened during the 30-day period. While prices have been gloomy, there’s also been significant liquidations and crypto exchange operations halting withdrawals. This has arguably injected a lot of fear into the crypto economy and even though prices are low, lots of bitcoin moved off exchanges.
Five days ago, the analytics team from Glassnode reported on July 5, that “bitcoin has locked in one of the worst monthly price performances in history, with prices trading down -37.9% in June. Bitcoin has seen a near-complete expulsion of market tourists, leaving the resolve of HODLers as the last line standing,” the firm