Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05

XRPL is confronted

2025-06-05

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04

    World launches at home Iris Scanning in Argentina

    2025-06-04
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02
  • Analysis

    XRPL is confronted

    2025-06-05

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    Bitcoin price slips again, which activates new fears for a deeper correction

    2025-06-05

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04

    The largest grant debuts from Russia BlackRock’s Ishares Bitcoin Futures ETF for trade

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»More Bitcoin is leaving exchanges as network growth continues
Bitcoin

More Bitcoin is leaving exchanges as network growth continues

2023-08-16No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • BTC supply on exchanges was at an all-time low.
  • However, the number of new addresses has remained above 500,000.

Lately, it seems that individuals who own Bitcoin [BTC] opt to keep their holdings as there has been an increase in asset withdrawals from cryptocurrency exchanges. Nevertheless, the Bitcoin network has witnessed a remarkable influx of new addresses on a daily basis. This shift in data patterns could possibly indicate a gradual accumulation phase in preparation for the upcoming incremental market surge.


Read Bitcoin (BTC) Price Prediction 2023-24


Bitcoin outflows are increasing

An examination of Bitcoin’s movement across exchanges revealed a recent trend of increased BTC leaving these platforms. Based on data from the exchange netflow diagram of CryptoQuantnearly 8,000 BTC were withdrawn from these exchanges between August 14 and 15.

Bitcoin exchange network

Source: CryptoQuant

This phenomenon suggested that holders of BTC were actively claiming ownership of their holdings, potentially reducing BTC availability over time. If this trend continues, it could lead to a scarcity of BTC.

Consequently, the scarcity may contribute to an increase in the price of the asset due to increased demand combined with a limited supply of BTC to meet this increasing demand.

Analysis of the total Bitcoin supply on exchanges

About three months ago, the total amount of Bitcoin on exchanges accounted for about 1.9 million units. However, an examination of the supply on the stock chart by Santiment revealed a significant drop in this figure.

At the time of writing, the amount of BTC available on exchanges was about 1.2 million, representing a reduction of about 700,000 units within this period. In addition, this current volume represented the lowest level of BTC supply on exchanges recorded throughout the year.

BTC offer on exchanges

Source: Sentiment

This situation suggested that exchange outflows have affected the amount of BTC on these platforms. This phenomenon reinforced the idea of ​​a potential scarcity scenario and an associated rise in prices for the asset.

See also  Could Bitcoin Reach $180,000 by 2025? VanEck thinks so and here's why

BTC new addresses keep rising

Among the various price thresholds, Bitcoin holders eagerly hope that the cryptocurrency will be surpassed, the $30,000 mark stands out as particularly important. Over the past few months, BTC has struggled to break through this range and has met stiff resistance.

Despite this protracted struggle, the emergence of numerous new addresses within the network meant that enthusiasm remained undaunted.

Growth of the Bitcoin network

Source: Glassnode

According to data from a Glasnode map, the number of new addresses has exceeded 500,000 at the time of writing. This observation highlighted that the network expansion has maintained its momentum even as the price of BTC stagnated.


How much are 1,10,100 BTC worth today


It can be seen from these statistics that many Bitcoin holders exercised patience anticipating an increase in the price of BTC.

At the same time, the influx of new addresses probably indicates a desire to participate in the current price range, with the intention of maximizing profits during the coming bullish phase.

Source link

Bitcoin continues Exchanges Growth leaving Network
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

2025-06-05

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

2025-06-05

California is going to accept crypto for state payments – Bill passes unanimously!

2025-06-05

Bitcoin price slips again, which activates new fears for a deeper correction

2025-06-05
Add A Comment
Leave A Reply Cancel Reply

Top Posts

XRP Bulls Eyeing $40 Price Target Despite Doubts

2023-11-25

Tether is working with the FBI to recover $1.4 million in senior citizen scams

2024-03-12

Airdrops, meme coins to watch

2024-03-26
Editors Picks

Metis integrates Chainlink CCIP for cross-chain innovation

2024-10-17

Bitcoin: How Long Should You Wait for Maximum Profits?

2023-10-10

Storj (STORJ) Price Prediction 2024 2025 2026 2027

2024-01-05

XRP – Prize withdraws but keeps support – bulls still in the game

2025-05-15

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The President Lee van Zuid -Korea reveals why Crypto is a ‘national growth motor’

XRPL is confronted

Bitcoin Reserve gets military kink, Senator predicts explosive increase of 10 years

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,629.36-1.07%
  • ethereumEthereum(ETH)$2,590.60-1.76%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.20-2.68%
  • binancecoinBNB(BNB)$667.04-0.40%
  • solanaSolana(SOL)$152.37-2.87%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188475-3.60%
  • tronTRON(TRX)$0.2723050.04%
  • cardanoCardano(ADA)$0.68-2.90%
  • hyperliquidHyperliquid(HYPE)$34.62-5.73%
  • suiSui(SUI)$3.14-2.72%
  • chainlinkChainlink(LINK)$13.69-4.50%
  • avalanche-2Avalanche(AVAX)$20.09-5.35%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.31%
  • stellarStellar(XLM)$0.265409-3.35%
  • the-open-networkToncoin(TON)$3.220.87%
  • bitcoin-cashBitcoin Cash(BCH)$398.54-2.62%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.39%
  • hedera-hashgraphHedera(HBAR)$0.166360-3.72%
  • litecoinLitecoin(LTC)$87.42-3.67%
  • polkadotPolkadot(DOT)$4.00-3.84%
  • moneroMonero(XMR)$333.62-3.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.66-3.51%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-6.82%
  • piPi(PI)$0.64-1.83%
  • aaveAave(AAVE)$261.22-3.96%
  • uniswapUniswap(UNI)$6.25-7.76%
  • bittensorBittensor(TAO)$369.89-6.34%
  • crypto-com-chainCronos(CRO)$0.101721-1.31%
  • okbOKB(OKB)$50.130.06%
  • aptosAptos(APT)$4.77-3.73%
  • nearNEAR Protocol(NEAR)$2.44-3.50%
  • internet-computerInternet Computer(ICP)$5.12-5.48%
  • ethereum-classicEthereum Classic(ETC)$17.12-3.09%
  • ondo-financeOndo(ONDO)$0.82-4.09%
  • gatechain-tokenGateToken(GT)$18.72-3.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213199-1.96%
  • mantleMantle(MNT)$0.66-4.13%
  • kaspaKaspa(KAS)$0.083858-4.93%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.73-4.28%
  • vechainVeChain(VET)$0.023749-3.95%
  • render-tokenRender(RENDER)$3.75-5.41%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.44%
  • ethenaEthena(ENA)$0.308158-8.46%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.19%
  • arbitrumArbitrum(ARB)$0.351195-3.21%
  • bitcoinBitcoin(BTC)$104,629.36-1.07%
  • ethereumEthereum(ETH)$2,590.60-1.76%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.20-2.68%
  • binancecoinBNB(BNB)$667.04-0.40%
  • solanaSolana(SOL)$152.37-2.87%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.188475-3.60%
  • tronTRON(TRX)$0.2723050.04%
  • cardanoCardano(ADA)$0.68-2.90%
  • hyperliquidHyperliquid(HYPE)$34.62-5.73%
  • suiSui(SUI)$3.14-2.72%
  • chainlinkChainlink(LINK)$13.69-4.50%
  • avalanche-2Avalanche(AVAX)$20.09-5.35%
  • unus-sed-leoUNUS SED LEO(LEO)$9.031.31%
  • stellarStellar(XLM)$0.265409-3.35%
  • the-open-networkToncoin(TON)$3.220.87%
  • bitcoin-cashBitcoin Cash(BCH)$398.54-2.62%
  • shiba-inuShiba Inu(SHIB)$0.000013-2.39%
  • hedera-hashgraphHedera(HBAR)$0.166360-3.72%
  • litecoinLitecoin(LTC)$87.42-3.67%
  • polkadotPolkadot(DOT)$4.00-3.84%
  • moneroMonero(XMR)$333.62-3.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bitget-tokenBitget Token(BGB)$4.66-3.51%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-6.82%
  • piPi(PI)$0.64-1.83%
  • aaveAave(AAVE)$261.22-3.96%
  • uniswapUniswap(UNI)$6.25-7.76%
  • bittensorBittensor(TAO)$369.89-6.34%
  • crypto-com-chainCronos(CRO)$0.101721-1.31%
  • okbOKB(OKB)$50.130.06%
  • aptosAptos(APT)$4.77-3.73%
  • nearNEAR Protocol(NEAR)$2.44-3.50%
  • internet-computerInternet Computer(ICP)$5.12-5.48%
  • ethereum-classicEthereum Classic(ETC)$17.12-3.09%
  • ondo-financeOndo(ONDO)$0.82-4.09%
  • gatechain-tokenGateToken(GT)$18.72-3.13%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213199-1.96%
  • mantleMantle(MNT)$0.66-4.13%
  • kaspaKaspa(KAS)$0.083858-4.93%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.73-4.28%
  • vechainVeChain(VET)$0.023749-3.95%
  • render-tokenRender(RENDER)$3.75-5.41%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-3.44%
  • ethenaEthena(ENA)$0.308158-8.46%
  • worldcoin-wldWorldcoin(WLD)$1.11-5.19%
  • arbitrumArbitrum(ARB)$0.351195-3.21%