Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny.
Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions.
U.S. exchanges lead BTC exodus
In the wake of the FTX scandal, efforts to draw attention to the risk involved in custodial BTC storage stepped up on social media.
The aftermath of FTX is only just beginning, meanwhile, and as regulators plan investigative action and more attention to crypto as a whole, investors angst continues to grow.
The data shows the trend is still in force when