Crypto News

More than 310 000 bitcoins were withdrawn from exchanges after the “Black Thursday”

After the so-called “Black Thursday” the dominant trend has been the outflow of bitcoin from the cryptocurrency exchanges.

We will remind, on may 12 there was the collapse of the value of digital currency in which BTC has fallen to an annual minimum. Observers have called this day “Black Thursday.”

However, no collapse of the industry as expected by many skeptics, has not occurred. Soon the market began to recover.

In parallel, increased the outflow with bitcoin trading platforms. On the dynamics of this earlier were periodically drawn the attention of analysts platform Glassnode.

This week they published updated data, which suggests that more than 310 000 BTC went shopping venues between 12 March and at the present time.

Rather, we are witnessing the transition of investors in the cold storage of crypto-currencies. That is, the players plan to keep their coins for long time. The researchers said that with platforms Bitfinex, Huobi and BitMEX for more than two months was withdrawn 126,845, 95,426 and 95,438 BTC respectively. This is the longest period of outflow from cryptocurrency exchanges.

Experts predict that the departure of a large number of coins on the trading floor, ensure the stability of the stock market in the near future.

Source:

coinspot.io

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