Data from Santiment reveals that there has been a net decrease of 315,830 BTC on crypto exchanges over the past four months, representing an over 21% drop. It is important to note that the decline has been more pronounced, with a -61% drop when looking back five years, to July 2020, when 1.88 million BTC left exchanges.
However, the platform claims that future CVD is more reactive, exhibiting an upward trend and strong buying interest. Since the all-time high tap, the chart shows that spot sold off while futures bought. Also, the funding is still modest, even momentarily negative.
