Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Image fx 17
    CryptoMarketNews

    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial

    World Liberty Financial (WLF) has unveiled a major initiative that could reshape…

    By
    Alessia Moretti
    July 5, 2025
    Image fx 16
    CryptoMarketNews
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    July 5, 2025
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    NewsBitcoinCrypto
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    July 4, 2025
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    NewsCrypto
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    July 4, 2025
    ADA market
    MarketCryptoNews
    Cardano vs Ethereum: Can ADA’s Quiet Build Trigger a Rotation Rebound in Q3 2025?
    July 4, 2025
  • Cryptocurrency
    Image fx 17
    WLFI Token Proposal Marks a Pivotal Moment for World Liberty Financial
    4 Min Read
    Image fx 16
    Ripple’s RLUSD Launch Triggers Debate Over XRP’s Future
    4 Min Read
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    Trump’s Big Beautiful Bill Passes Why Bitcoin Braces for $90K Liquidity Squeeze
    7 Min Read
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    Senator Cynthia Lummis Tax Bill Aims to End IRS Overreach on Staking, Mining, and Payments
    6 Min Read
    ADA market
    Cardano vs Ethereum: Can ADA’s Quiet Build Trigger a Rotation Rebound in Q3 2025?
    6 Min Read
    BlackRock’s Bitcoin ETF Set to Become #1: Outearning 1,197 Other Funds
    BlackRock’s Bitcoin ETF Set to Become #1: Outearning 1,197 Other Funds
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year
News

Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year

Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year
Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year
Eoghan MacCraith
Last updated: August 29, 2024 11:03 am
By
Eoghan MacCraith
Published August 29, 2024
5 Min Read
Share

Bitcoin and Ethereum have experienced massive outflows from centralised exchanges since January. According to news sources, $26 billion of leading digital assets was pulled off trading platforms this year. This trend reflects a growing scarcity and potential volatility in the market since institutional and retail investors are moving their assets from exchanges to shrink the available supply.

Contents
Critical Reasons Behind the Ongoing Bitcoin and Ethereum OutflowImpact of the Withdrawals on the Broader Crypto Market Conclusion

Since the start of 2024, about 330,560 BTC and 1.9 million ETH were withdrawn from centralised exchanges. If the trend persists, it could significantly affect market stability and future pricing.

Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year

The movement of Bitcoin and Ethereum out of exchanges is not some fad; it’s a strong signal for the shift in investor behaviour. Historically, large portions of these assets were available on exchanges to foster market liquidity and price stability. Now, we are facing the opposite, with a massive outflow. With supply becoming even less than before, this gives investors an urgent feeling. Market activities have heightened, and in some cases, panic buying has taken place, where traders try to get what they need before the prices go sky-high.

Critical Reasons Behind the Ongoing Bitcoin and Ethereum Outflow

The main reason for the outflow of Bitcoin and Ethereum from centralised exchanges would probably be growing awareness of security concerns. With investors being more sceptical of leaving their vast tracts of crypto at risk on exchanges because of potential hacks and regulatory crackdowns, they’re looking toward cold storage or decentralised platforms to have complete control over their assets.

Another driver is these cryptocurrencies’ purpose in their function as a store of value. The recent halving of Bitcoin has made it even scarcer, and thus, miners and investors are holding onto coins rather than selling. Ethereum also sees its held value grow as stakers lock up ETH to secure rewards while shifting towards a PoS model. This shift in strategy amongst miners and investors leads to a reduced supply on exchanges.

Aside from that, emerging DeFi platforms have allowed investors to generate returns with their crypto assets without necessarily storing them on centralised exchanges. For instance, such platforms allow lending, borrowing, and income generation on invested assets like Bitcoin and Ethereum without compromising the investor’s private keys. This is happening in a decentralised way, syphoning off liquidity from traditional exchanges into these new opportunities.

Centralized Exchanges Lost Bitcoin and Ethereum Worth $26B This Year

Impact of the Withdrawals on the Broader Crypto Market 

The market has suffered a significant decline in Bitcoin and Ethereum, which have taken $26 billion out of centralised exchanges. With fewer coins available to trade, the liquidity on these exchanges decreases, ultimately affecting the price volatility. This deficit pumps prices up because buyers always fight for a limited supply.

This seems to point out that investors are not yet done with the market for its sudden twists and turns, mainly because a $9.1 billion ERC20-based tether entered the market in January. In such a scenario, an increase in exchange reserves of tethers could hint at traders’ readiness to go out there and use stablecoins to buy the dip or exploit any arbitrage opportunities that may show up. This dynamic sets up an increasingly intricate, unpredictable market environment.

Conclusion

The crypto market is reaching uncharted territory as Bitcoin and Ethereum continue to supply out of centralised exchanges. The $26 billion outflow means the investors become increasingly conservative; they favour security and long-term holding over active short-term trading. Such a trend could support further price increases since supply is reducing.

In other words, Bitcoin and Ethereum outflows from centralised exchanges are changing the crypto landscape in tectonic ways. Yet to be seen is whether this portends a more stable market or one that will become increasingly volatile. What can be said for sure, however, is that dynamics within the crypto markets do change, and it would benefit investors to study these new realities as they try to wrap their minds around this ever-changing world of digital assets. Deythere keeps you updated with fresh news from the crypto world.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Manhunt Underway in Malaysian Crypto Kidnap

GENIUS Act Passes Hurdle, Is Stablecoin Clarity Near?

SEC Reaches Settlement with Rari Capital Over Misleading Rari Governance Token

Sui (SUI) Price Prediction: Will It Drop to $2 Before a Major Rally?

Crescat Capital CEO’s Bold Forecast on Global Economy

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEoghan MacCraith
Eoghan MacCraith brings 9 years of experience in the cryptocurrency and blockchain sectors, where he has established himself as a thought leader. With a background in financial technology, Eoghan transitioned into the crypto world early on, recognizing the vast potential for blockchain to revolutionize financial systems. His work has spanned across various global projects, from developing robust blockchain networks to advising startups on implementing secure and scalable solutions. Eoghan's contributions to DT NEWS are centered around providing expert insights into market trends, regulatory developments, and the future of digital currencies, offering readers a comprehensive understanding of the industry's dynamics.
Previous Article TON Network Goes Down for Second Time in 2 Days as DOGS Memecoin Surges TON Network Goes Down for Second Time in 2 Days as DOGS Memecoin Surges
Next Article Ethereum Foundation Liquidates 239K ETH Tokens in 3 Years Ethereum Foundation Liquidates 239K ETH Tokens in 3 Years
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English