Categories: Bitcoin Latest News

FTX’s Bitcoin Balance Plunges to Just One

Roughly 20,000 bitcoin have been pulled from the crypto exchange in the past 24 hours, according to data from Coinglass.Read MoreCoinDesk

Amid concerns about the health of FTX, investors have withdrawn bitcoin (BTC) en masse, bringing the crypto exchange’s balance to essentially zero.

Data from Coinglass showed a bitcoin balance at FTX of just one as of press time. That balance had been about 20,000 for the past month through as recently as 24 hours ago.

Coinglass numbers show total bitcoin balances across all exchanges of just over 2 million, down just marginally over the past 24 hours. The two largest holders are Coinbase Pro and Binance, each with more than 500,000 coins.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Recent Posts

The $73,000 Test: Crowded Shorts And Negative Funding Fueled Bitcoin’s 15% Recovery

Bitcoin is regaining strength after pushing back above the $70,000 level, a move that has…

14 minutes ago

Bitcoin Prints A 2022-Like Iran War Chart, But It’s Not

Renowned macro analyst Alex Krüger is pushing back on a comparison that has taken hold…

1 hour ago

Bitcoin Price Rally Slows, Consolidation Signals Possible Next Move

Bitcoin price started a steady increase above $70,500 and $72,500. BTC is now consolidating and…

1 hour ago

XRP To Pass Bitcoin, US Veteran Claims Amid War Forecast

A retired US Army combat medic has predicted that XRP will overtake Bitcoin as the…

4 hours ago

Bitcoin Consolidates Near Key Support Band — $77,000 Holds The Key To The Next Move

Bitcoin is consolidating near a crucial support band, with $77,000 emerging as the key level…

5 hours ago

Bitcoin Just Flashed Death Cross That Has Led To Previous Bottoms, But What’s The Target?

Bitcoin (BTC) has just flashed a ‘Death Cross,’ a technical signal that has historically preceded…

6 hours ago