Between November 23 and November 27, close to 50,000 Bitcoins, or almost $3 billion, are taken out of Coinbase each day.
Over the weekend of November 26 and 27, Coinbase saw withdrawals of about $2 billion worth of bitcoin, increasing the total amount taken out since November 24 to $3.5 billion.
Bitcoin (BTC) withdrawals from the exchange between November 24 and November 25 totaled around $1.5 billion.
Over the last five days, withdrawals totaling about $15 billion have been seen on almost all exchanges.
Following the Terra collapse in April and May, these movements were last observed.
Amongst all significant exchanges, Binance is one of the few exceptions as it saw its its BTC reserves grow over the period — indicating that Binance users are exiting their BTC positions.
According to numbers, Binance added a total of 78,000 BTC to its reserves, equating to around $1.2 billion at the time of writing.
