Bitcoin withdrawals surpass deposits for the second time in six months

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Fast Take

The next chart presents the relative dominance of exchange-related deposits and withdrawals with respect to all confirmed transactions, in accordance with Glassnode knowledge as of June 16. The chart presents the next traces:

Whole Transaction Rely
Whole Deposit Transactions
Whole Withdrawal Transactions
Alternate Transaction Dominance (%)

Previously six months, alternate withdrawals have surpassed alternate deposits for the second time.
The primary time this occurred was in the course of the FTX collapse in 2022, as buyers began to take custody of their cash and take away them from exchanges.
This pattern continued into 2023 however then began to drop off.
Nevertheless, we are actually seeing withdrawals begin to outpace deposits once more, which first began on June 5, the day of the primary SEC lawsuit.
This pattern has continued, and divergence has solely grown.
The present alternate withdrawals are 58,000 Bitcoin, whereas alternate deposits are 49,000 Bitcoin.