Over $1.5 billion value of Bitcoin (BTC) has flowed into the world’s largest crypto trade platform by quantity within the final 30 days.
New on-chain knowledge from market intelligence platform Coinglass reveals that Binance presently holds 588,129 Bitcoin at time of writing, 51,386 of which got here in simply this month.
Coinglass additional finds that 22,590 of the BTC got here in over the past seven days whereas almost 5,000 tokens got here in over the past 24 hours.
Different outstanding crypto trade platforms that noticed vital BTC motion over the past month embody Gemini, OKX, and Coinbase Professional, which noticed month-to-month outflows of twenty-two,416, 3,520, and 1,207 Bitcoin, respectively.
Crypto exchanges that noticed upticks within the quantity of BTC they maintain embody Kraken and Gate, which noticed 952 and 935 BTC movement into their coffers.
In line with Coinglass, 13,888 BTC flowed into crypto exchanges this month general.
The crypto analytics agency Glassnode additionally notes that it’s changing into more and more tough to mine Bitcoin blocks, saying that the variety of hashes required to mine one has reached a brand new all-time excessive.
“Following the newest Bitcoin problem adjustment, the estimated variety of hashes required to mine a block has reached an ATH (all-time excessive) of 209 zettahashes (10^21). Thus, the issue to mine a block continues to extend as extra hash energy is deployed to the community.”
Bitcoin is buying and selling for $29,216 at time of writing, a fractional enhance over the past 24 hours.
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