Bitcoin Sees Record $1.6 Billion Exodus from Exchanges in Single Day

A massive $1.6 billion exodus of Bitcoin from exchanges has been recorded in a single day, marking the largest single-day movement since April 2024.

The withdrawal primarily affected Coinbase, where users moved 15,000 BTC to private wallets, representing the exchange's largest single-day outflow in ten months.

Institutional investors are often behind such large-scale movements. The reduction in available trading supply has broader implications for market dynamics, particularly if demand remains stable or grows.