44,444 Bitcoin Taken Off Exchanges in Last 30 Days: What Does It Mean?
Amidst the ongoing volatility in the cryptocurrency market, a significant trend has emerged: Coinglass data has shown 44,444 Bitcoin has been taken off exchanges in the last 30 days. This movement, equivalent to approximately $745 million, raises important questions about investor sentiment and the future of Bitcoin.
Key Points: Bitcoin Exodus Continues
- Coinglass data has shown 44,444 Bitcoin has been taken off exchanges in the last 30 days.
- Reports revealed that 44,444 Bitcoin worth around $745 million have left exchanges in the last 30 days.
- This outflow appears to be a continuation of an existing trend.
- The collapse of FTX has been undeniably concerning for the industry.
- Multiple crypto exchanges witnessed massive amounts of asset movement.
The withdrawal of such a large amount of Bitcoin from exchanges suggests a growing preference for self-custody among investors. Instead of leaving their holdings on exchanges, which are vulnerable to hacks and potential insolvency (as highlighted by the collapse of FTX), investors are opting to store their Bitcoin in personal wallets.
FTX Fallout and Transparency Concerns
The bankruptcy of FTX has had a profound impact on the crypto landscape. Investor confidence has been shaken, leading to increased scrutiny of exchanges and a desire for greater security. Investors are slowly losing trust in centralized platforms, driving the demand for self-custody solutions.
While the move towards self-custody can be seen as a positive step in terms of security, it also presents challenges. Users are solely responsible for safeguarding their private keys, and losing access to these keys can result in the permanent loss of their Bitcoin. Yet, the most affected could end up being exchanges following the bankruptcy of FTX, and transparency concerns with investors.
Bitcoin's Price Resilience
Even during periods of price decline, Bitcoin has shown resilience. Recent data shows that even During the latest Bitcoin (BTC) slide under $100,000, buyers still took coins off exchanges. On February 5-6, BTC had another intraday dip, but traders took 17,000 BTC out 8 de sept. de 2025. This suggests that some investors are viewing price dips as buying opportunities and are committed to holding Bitcoin for the long term.
Benzinga - Amid an extended crypto winter, some 44,444 Bitcoin (CRYPTO: BTC) have been taken off exchanges in the last month, according to statistics from Coinglass.
Long-Term Holders and Bitcoin's Scarcity
Recent data from on-chain analytics firm Glassnode showed that 95% of the existing supply of bitcoin has not moved in the past 30 days.
The continued trend of Bitcoin leaving exchanges, coupled with the increasing prevalence of long-term holders, reinforces the narrative of Bitcoin as a scarce asset. As more Bitcoin is taken off the market and locked away in cold storage, the remaining supply on exchanges becomes increasingly limited, potentially driving up the price in the future.
Coinglass data has shown that 44,444 Bitcoin have left exchanges over the last 30 days. That number, equivalent to $745 million, is seemingly a continuation of a trend.
Read more: Crypto live prices.