Glassnode notified that the volume of BTC withdrawn from exchanges reached a monthly high of 1,496.484 BTC (7-day MA). A comparable figure was last seen on Oct. 22, when 1,495,141 BTC were withdrawn from exchanges monitored by the research company.
Glassnode monitors such centralized exchanges as Binance, Bitfinex, Bithumb, BitMEX, Bitstamp, Bittrex, Coinbase, Coincheck, Gate.io, Gemini, HitBTC, Huobi, Kraken, KuCoin, Luno, OKEx, and Poloniex.
Bitcoin continues to plunge. After starting to decline in price on November 15, BTC has since fallen 12.8%, dropping to a low of $55,861 on November 19, according to Coingecko. BTC rehabilitated a bit last weekend, rising to $60,082 at its peak this Sunday. The asset is currently trading at $57,213, down 3% in 24 hours.