Do you know that the number of Bitcoin Addresses Depositing BTC to Exchanges Has Doubled?

The number of Bitcoin addresses depositing BTC to crypto exchanges has doubled since the beginning of 2020. This is according to the team at Glassnode who also added that approximately 100,000 unique Bitcoin addresses send BTC to crypto exchanges on a daily basis. Furthermore, the last time such an influx of BTC to exchanges was witnessed was during the peak of 2017 bull market.

The team at Glassnode shared this observation via the tweet with an accompanying chart that shows the daily number of addresses depositing BTC to exchanges.

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