Bitcoin Sees Historic Drop on Exchanges, Here's What it Means

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Diminishing Bitcoin balance has become a market-wide trend after FTX's dramatic collapse.

The exodus of the flagship crypto-asset was seen across the top six platforms, including Binance, Coinbase, Kraken, KuCoin, and Bitstamp.

This trend essentially marks a historic drop in overall BTC supply, demonstrating the rising interest in self-custody. Adam Back, who happens to be one of Bitcoin’s earliest contributors, believes Dashjr was targeted through his home network and had his machines compromised.

 

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