{"id":516526,"date":"2023-01-18T12:00:14","date_gmt":"2023-01-18T17:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=516526"},"modified":"2024-06-11T08:08:40","modified_gmt":"2024-06-11T08:08:40","slug":"bitcoin-on-exchanges-drop-by-44","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","title":{"rendered":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?"},"content":{"rendered":"

The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were pulling their cryptocurrencies off exchanges has accelerated in the last couple of months. This has resulted in one of the sharpest drops in the percent of BTC supply left on centralized exchanges.<\/p>\n

Bitco<\/h2>\n

In a new report by on-chain data aggregator Santiment<\/a>, the bitcoin held on exchanges has witnessed one of the sharpest declines in history. In January 2022, the BTC held on exchanges accounted for around 11.85% of the total supply, but now, a year later, it has dropped to just 6.65% of the supply left on exchanges.<\/p>\n

Related Reading: XRP Tops List Of Gainers As Whale Interest Spikes<\/a><\/div>\n

This is a result of the increasing distrust of centralized exchanges following the collapse of FTX, one of the largest crypto exchanges at the time. Self-custody gained more prominence when the exchange filed for bankruptcy, prompting more supply than normal to flow out of exchanges.<\/p>\n

Over time, some exchanges have been hit harder than others when it comes to withdrawals. A lot of this depends on the amount of distrust circulating around different exchanges, with some like Kraken seeing 59% of total BTC held on the exchange flowing out in a one-year period.<\/p>\n

Coinbase and Bitfinex emerged as some of the hardest-hit exchanges with outflows of 33% and 32%, respectively. Coinbase\u2019s outflows came amid insolvency rumors<\/a> which have since been debunked by the exchange.<\/p>\n

Other exchanges include KuCoin seeing 32% of BTC holdings flow out, as well as Binance which is currently holding 25% less BTC than it did a year ago. Bitstamp was the lowest among the large exchanges, holding about 23% less BTC than it did in early 2022.<\/p>\n

\"Bitcoin<\/p>\n

BTC on centalized exchanges falls to 6.65% of supply | Source: Santiment<\/a><\/pre>\n
Will This Push Up the BTC Price?<\/h2>\n
With so much bitcoin leaving centralized exchanges, it points to one phenomenon and that is the fact that investors are accumulating their coins. Furthermore, with more investors choosing to self-custody their BTC, it leaves much less supply active on exchanges that are ready to be sold.<\/p>\n
Related Reading: Liquidations Cross $200 Million Following Bitcoin\u2019s Rise Above $19,000<\/a><\/div>\n
This has worked out to reduce the selling pressure on the digital asset over the last couple of months. It is also evident in the strength of the current rally as BTC has been able to hold its position right above $21,000. The less bitcoin on centralized exchanges, the lower the available selling supply, allowing for demand to catch up and even overtake supply.<\/p>\n
\"Bitcoin<\/p>\n
BTC rally slows down | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
As demand rises following less available BTC on centralized exchanges, BTC\u2019s price will continue to rise along with it. This could see the digital asset testing the $22,000 resistance level before the week runs out.<\/p>\n
BTC is currently trading at $21,231. The cryptocurrency\u2019s price is up over 21% in the last week, successfully pushing its market cap above $400 billion once more.<\/p>\n
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Yahoo Finance, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were pulling their cryptocurrencies off exchanges has accelerated in the last couple of months. This has resulted in one of the sharpest drops in the percent of BTC supply left on centralized exchanges. Bitco In a new report by on-chain data aggregator Santiment, the bitcoin held on exchanges has witnessed one of the sharpest declines in history. In January 2022, the BTC held on exchanges accounted for around 11.85% of the total supply, but now, a year later, it has dropped to just 6.65% of the supply left on exchanges. Related Reading: XRP Tops List Of Gainers As Whale Interest Spikes This is a result of the increasing distrust of centralized exchanges following the collapse of FTX, one of the largest crypto exchanges at the time. Self-custody gained more prominence when the exchange filed for bankruptcy, prompting more supply than normal to flow out of exchanges. Over time, some exchanges have been hit harder than others when it comes to withdrawals. A lot of this depends on the amount of distrust circulating around different exchanges, with some like Kraken seeing 59% of total BTC held on the exchange flowing out in a one-year period. Coinbase and Bitfinex emerged as some of the hardest-hit exchanges with outflows of 33% and 32%, respectively. Coinbase\u2019s outflows came amid insolvency rumors which have since been debunked by the exchange. Other exchanges include KuCoin seeing 32% of BTC holdings flow out, as well as Binance which is currently holding 25% less BTC than it did a year ago. Bitstamp was the lowest among the large exchanges, holding about 23% less BTC than it did in early 2022. BTC on centalized exchanges falls to 6.65% of supply | Source: Santiment Will This Push Up the BTC Price? With so much bitcoin leaving centralized exchanges, it points to one phenomenon and that is the fact that investors are accumulating their coins. Furthermore, with more investors choosing to self-custody their BTC, it leaves much less supply active on exchanges that are ready to be sold. Related Reading: Liquidations Cross $200 Million Following Bitcoin\u2019s Rise Above $19,000 This has worked out to reduce the selling pressure on the digital asset over the last couple of months. It is also evident in the strength of the current rally as BTC has been able to hold its position right above $21,000. The less bitcoin on centralized exchanges, the lower the available selling supply, allowing for demand to catch up and even overtake supply. BTC rally slows down | Source: BTCUSD on TradingView.com As demand rises following less available BTC on centralized exchanges, BTC\u2019s price will continue to rise along with it. This could see the digital asset testing the $22,000 resistance level before the week runs out. BTC is currently trading at $21,231. The cryptocurrency\u2019s price is up over 21% in the last week, successfully pushing its market cap above $400 billion once more. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Yahoo Finance, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":516531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84547,679,1119,1144,78790],"class_list":["post-516526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-exchange-balances","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?<\/title>\n<meta name=\"description\" content=\"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?\" \/>\n<meta property=\"og:description\" content=\"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-18T17:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:08:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?\",\"datePublished\":\"2023-01-18T17:00:14+00:00\",\"dateModified\":\"2024-06-11T08:08:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\"},\"wordCount\":510,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\",\"keywords\":[\"bitcoin\",\"bitcoin exchange balances\",\"bitcoin price\",\"btc\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\",\"name\":\"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\",\"datePublished\":\"2023-01-18T17:00:14+00:00\",\"dateModified\":\"2024-06-11T08:08:40+00:00\",\"description\":\"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\",\"width\":1200,\"height\":675,\"caption\":\"bitcoin (BTC) exchange balance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/wncen.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?","description":"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?","og_description":"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were","og_url":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-01-18T17:00:14+00:00","article_modified_time":"2024-06-11T08:08:40+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/"},"author":{"name":"Best Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?","datePublished":"2023-01-18T17:00:14+00:00","dateModified":"2024-06-11T08:08:40+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/"},"wordCount":510,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","keywords":["bitcoin","bitcoin exchange balances","bitcoin price","btc","btcusd","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","url":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","name":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","datePublished":"2023-01-18T17:00:14+00:00","dateModified":"2024-06-11T08:08:40+00:00","description":"The amount of bitcoin (BTC) being held on exchanges has been on a steady decline since the bear market began in 2022, but the rate at which investors were","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","width":1200,"height":675,"caption":"bitcoin (BTC) exchange balance"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?","url":"http:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-on-exchanges-drop-by-44\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin exchange balances","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2023-01-18T17:00:14Z","datePublished":"2023-01-18T17:00:14Z","dateModified":"2024-06-11T08:08:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin On Exchanges Drop By 44%, Could This Fuel More BTC Rally?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-on-exchanges-drop-by-44\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-on-exchanges-drop-by-44\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-BTC-exchange-balance.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin exchange balances\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-01-18T17:00:14Z\",\"datePublished\":\"2023-01-18T17:00:14Z\",\"dateModified\":\"2024-06-11T08:08:40Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/bitcoin-BTC-exchange-balance.jpeg?fit=1200%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516526"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=516526"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/516526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/516531"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=516526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=516526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=516526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}