Data: The CEX balances of Bitcoin and Ethereum have dropped to nearly a four-year low
ChainCatcher news, according to Bitcoinist, retail investors in the cryptocurrency space are showing signs of transitioning to long-term holders, with recent outflows of Bitcoin (BTC) and Ethereum (ETH) from CEX.
Latest data shows that the CEX balances of the two major cryptocurrencies have fallen to nearly four-year lows, and analysts interpret this move as a bullish signal for the future. The total amount of Bitcoin in CEX has dropped to less than 2.3 million coins, worth approximately $15.8 billion, while the total amount of Ethereum has fallen to less than 16 million coins, worth about $5.8 billion.
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