Mystery and Rubber – The debacle continues for centralized trading platforms. This is because their BTCs have only disappeared throughout 2020, and the trend continues with 7% less BTC in a month.
172,000 BTC soared
We have been following this phenomenon for several months now: trading platforms are witnessing a significant flight of capital .
Between January and October 2020, they lost 14.4% of the BTC they held .
This phenomenon continued throughout the month of November, with the withdrawal of an additional 172,000 BTC , between October 12 and today.
In total, 7% of their BTC was lost in just over a month . This leads to a provisional negative annual balance sheet of around -18.2% since the start of 2020.
The phenomenon calms down for Ethereum
Although Ethereum has been the victim of the same phenomenon for several consecutive months, it seems to be slowly running out of steam .
For the first time since August, the number of ETH held by exchange platforms began to “stabilize” in November.
Since the beginning of November, the exchanges have lost 355,000 ETH . However, the majority of this loss occurred between the 1st and 5th of the month. Since November 5, the number of ETH held has remained around 15.8 million ETH .
In comparison, that’s the equivalent of $ 3 billion in BTC that soared against “only” $ 166 million in ETH. Exchanges have not finished having cold sweats!