Report: Traders cut bitcoin withdrawals from exchange wallets

After the FTX crash, investors began withdrawing bitcoins from exchanges en masse. Traders preferred to place funds in cold wallets.
Large-scale cryptocurrency outflows were faced by almost all major trading platforms.
The situation stabilized in mid-December. Panic sentiment has left the market, and BTC outflows from exchange addresses have fallen to a seven-month low, according to a Glassnode report.

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