2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%

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2022 saw the most amount of Bitcoin withdrawn from exchanges, over 20%, which previously beat 2020 that saw over 10% of Bitcoin leaving exchanges.

Currently 2.26m Bitcoin sit on exchanges which leaves around 11-12% of the Bitcoin supply on exchanges.

Many events triggered the exodus such as Luna and FTX collapse.

“Not your keys, not your coins”.

Exchange Balance: (Source: Glassnode)

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