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Crypto Exchanges See Bitcoin Reserves Drop by 70%
After the market crash on March 12, known as “Black Thursday”, about 36% of all reserves in BTC were withdrawn from Bitmex exchange.
Panic gripped the cryptocurrency market and industry leaders experienced a major outflow on their personal reserves:
Huobi lost 9,38%
Kraken missed out on 24%
Bitfinex lost 29%
Bitstamp reserve is down on 72%
The chart above shows amount of BTC that is in the reserves of the spot cryptocurrency exchanges to date.
Data source:
https://cryptorank.io/exchanges
https://chain.info/exchanges