Another $2B worth of Bitcoin withdrawn from Coinbase over weekend

Coinbase experienced withdrawals totaling astir $2 cardinal worthy of BTC implicit the play of Nov. 26 to Nov. 27, bringing the full magnitude withdrawn since Nov. 24 to $3.5 billion.

Roughly $1.5 billion worthy of Bitcoin (BTC) was withdrawn from the speech betwixt Nov. 24 to Nov. 25.

Coinbase BTC nett position

The exchange’s reserves person been losing astir 50,000 BTC regular since Nov. 24, equating the full withdrawn magnitude to astir $3.5 billion.

All exchanges mislaid $15B

According to information from Glassnode, each large exchanges acquisition monolithic BTC withdrawals.

All exchanges’ BTC nett position

Almost each exchanges person seen withdrawals — amounting to astir $15 cardinal successful full — implicit the past 5 days

The past clip specified movements were recorded was during April and May, aft the Terra collapse.

Binance

Amongst each important exchanges, Binance is 1 of the fewer exceptions arsenic it saw its its BTC reserves turn implicit the play — indicating that Binance users are exiting their BTC positions.

Binance BTC nett position

According to numbers, Binance added a full of 78,000 BTC to its reserves, equating to astir $1.2 cardinal astatine the clip of writing.

The station Another $2B worthy of Bitcoin withdrawn from Coinbase implicit weekend appeared archetypal connected CryptoSlate.