Over $250,000,000 in Bitcoin Withdrawn From FTX, but One Group of Investors Isn’t Touching Their BTC: Glassnode

Over $250,000,000 in Bitcoin Withdrawn From FTX, but One Group of Investors Isn’t Touching Their BTC: Glassnode


Blockchain metrics platform Glassnode says that FTX witnessed a massive Bitcoin (BTC) outflow amid news of liquidity challenges at the crypto exchange.

Glassnode says that approximately 14,500 Bitcoin left FTX at the height of the panic caused by information filtering out that the crypto exchange was on the cusp of insolvency.

“What we have seen is significant outflows from FTX, with the estimated balance declining by approximately 75% from 20,000 BTC to around 5,500 BTC.

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Across all other exchanges, we saw inflows during the panic, however this has almost entirely reversed, leaving exchanges balances flat since Monday.”

Source: Glassnode

According to Glassnode, the outflows were attributed to recent buyers. The blockchain metrics firm says that “old hands” did not react significantly as Bitcoin hit a

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