Mt. Gox hacked BTC is on the move again, including for sale at hitbtc, ki_young_ju warns.
Data from on-chain analytics firmMajor exchanges see record BTC withdrawals
With FTX contagion still in the air, exchange users have been busy withdrawing funds to noncustodial wallets., $3 billion worth of cryptocurrency left major platforms in the immediate aftermath of FTX imploding. That trend is ongoing, Glassnode shows, with its data capturing the largest-ever decrease in exchange BTC reserves for the 30 days to Nov. 23.
Glassnode’s Exchange Net Position Change metric puts the 30-day change of the BTC supply held in exchange wallets at -178,683 BTC. The metric covers 20 exchanges, including FTX.On a day-to-day basis, exchange user habits remain volatile. After seeing nearly 140,000 BTC in daily outflows on Nov. 9 alone, exchanges processed less in withdrawals, with a local low of under 19,000 BTC recorded for Nov. 19.
Since then, however, the trend has reversed, and Nov. 23 outflows totaled more than 86,000 BTC, according to Glassnode.Elsewhere, fellow on-chain analytics platformCrypto has survived worse than the fall of FTX: Chainalysis“7-year-old 10,000 $BTC moved today. No surprise, it's from criminals, like most of the old Bitcoins. It's the BTC-e exchange wallet related to the 2014 Mt. Gox hack.
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