Traders from all over the world continue to withdraw bitcoins from trading floors. Moreover, this trend has only intensified over the past few days. Bitcoin’s trading volumes on crypto exchanges returned to April indicators when the world's first cryptocurrency had hit a new record.
Notably, in April, the digital coin came close to $65,000, which caused the outflow of funds. Currently, the cryptocurrency is trading near $30,000 per coin, while market participants daily withdraw 2,000 bitcoins worth more than $64 million to external wallets as storage means.
Market analysis company Glassnode said in a report that bitcoin’s growth was accompanied by the cryptocurrency’s withdrawal from exchanges. The global sell-off began in May amid a steep drop in price. The asset started to erase its early gains in late May. On June 22, it even tumbled below $29,000.
According to analysts, crypto exchange users have been increasingly investing in the so-called "DeFi" projects. Statistics confirm that money is flooding into decentralized finance. Since June 26, investments in DeFi tokens have surged by 21% to $111 billion.
