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Over $1.5 Billion Bitcoin (BTC) Enters Binance Crypto Exchange in Just 30 Days: Insights from On-Chain Analytics Over the past month, over $1.5 billion worth of Bitcoin (BTC) was traded on what is considered the largest cryptocurrency exchange. in terms of volume. At the time of writing, new on-chain data obtained from market intelligence platform Coinglass reveals that cryptocurrency exchange Binance currently owns 588,129 Bitcoins, 51,386 of which were acquired this month. According to further findings by Coinglass, 22,590 BTC were received over the past week, while nearly 5,000 tokens were received over the previous twenty-four hours. Other notable cryptocurrency exchange platforms that saw significant BTC movement over the previous month include Gemini, OKX, and Coinbase Pro. During that time period, Gemini, OKX, and Coinbase Pro saw monthly outflows of 22,416, 3,520, and 1,207 Bitcoins respectively. Kraken and Gate are two examples of cryptocurrency exchanges that have seen an increase in the total amount of Bitcoin (BTC) they can store thanks to new deposits of 952 and 935 Bitcoin respectively. According to data provided by Coinglass, a total of 13,888 BTC was brought to cryptocurrency exchanges this month. Blockchain analytics firm Glassnode echoed this sentiment, noting that the number of hashes needed to mine a block of Bitcoin has reached a new all-time high. As a result, mining Bitcoin blocks is becoming an increasingly challenging endeavor. “After the recent adjustment to Bitcoin difficulty, it is estimated that the number of hashes required to mine a block has reached an ATH (all-time high) of 209 zettahashes (1021). Therefore, the difficulty of mining a block is expected to continue to increase due to more power hashes added to the network. At the time of writing, the price of Bitcoin had increased slightly over the previous twenty-four hours, reaching $29,216.


Over the past month, over $1.5 billion worth of Bitcoin (BTC) was traded on what is considered the largest cryptocurrency exchange platform in terms of volume.

At the time of writing, new on-chain data obtained from market intelligence platform Coinglass reveals that cryptocurrency exchange Binance currently owns 588,129 Bitcoins, 51,386 of which were acquired this month.

According to further findings by Coinglass, 22,590 BTC were received over the past week, while nearly 5,000 tokens were received over the previous twenty-four hours.

Other notable cryptocurrency exchange platforms that saw significant BTC movement over the previous month include Gemini, OKX, and Coinbase Pro. During that time period, Gemini, OKX, and Coinbase Pro saw monthly outflows of 22,416, 3,520, and 1,207 Bitcoins respectively.

Kraken and Gate are two examples of cryptocurrency exchanges that have seen an increase in the total amount of Bitcoin (BTC) they can store thanks to new deposits of 952 and 935 Bitcoin respectively.

According to data provided by Coinglass, a total of 13,888 BTC was brought to cryptocurrency exchanges this month. Blockchain analytics firm Glassnode echoed this sentiment, noting that the number of hashes needed to mine a block of Bitcoin has reached a new all-time high. As a result, mining Bitcoin blocks is becoming an increasingly challenging endeavor.

β€œAfter the recent adjustment to Bitcoin difficulty, it is estimated that the number of hashes needed to mine a block has reached an ATH (all-time high) of 209 zettahashes (1021). Therefore, the difficulty of mining a block is expected to continue to increase as more hash power is added to the network.

At the time of writing, Bitcoin’s price had increased slightly over the previous twenty-four hours, reaching $29,216.



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