Help M update: Today during the day, the largest sell-off occurred on Binance, which saw over 14,000 $BTC transferred in the process of decline. Following that, OKX and Bybit both had nearly 5,000 BTC sold off. At the same time, Coinbase only had a transfer volume of just over 4,000 BTC. By the time it was US hours, the transfer volumes for Binance, OKX, and Bybit had already dropped significantly, but Coinbase had increased by over 3,000 BTC.

Currently, in terms of new holdings, Binance has the most, followed by OKX and Bybit, while Coinbase's holdings have returned to their lowest point. This means that Coinbase's sell-off has already been absorbed, while the sell-offs from Binance, OKX, and Bybit have yet to be fully absorbed.

This article is sponsored by #Bitget ｜ @Bitget_zh

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