Are people getting out of Bitfinex?

in #bitfinex • 6 years ago

The Bitfinex cold wallet has lost more than 90,000 BTC in just over a month. What is going on?
They had 230k BTC in their wallet on September 6, 2018. Now there are only 140k BTC.
People might think that the premium of Bitfinex BTC price over other exchanges is bullish, but I actually think it's bearish. The reason there is premium is because people are using their USD/USDT to buy BTC so they can exit the exchange.
I don't know what the reason is, but more research will be good on this. Please comment if you have any more information that can shed light on this.

Screen Shot 2018-10-14 at 11.18.49 AM.png

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r

#cryptocurrencies #bitcoin #btc #withdrawals
6 years ago in #bitfinex by
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