Bitcoin Leaving Exchanges Hits An All-Time High Today

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As fears of contagion and counterparty risk have gripped the bitcoin/crypto space, June quietly was the largest month of net withdrawals in recorded history for bitcoin, with a peak 30-day net change of 152,446 BTC leaving exchanges during the 30 days that proceeded June 26. The end-of-month total for June was smaller, but still extremely noteworthy at 123,652 BTC departing exchanges on a net basis over the month.

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