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Bitcoin deposits on exchanges drop to 2-year low, Bitcoin selling pressure wanes

August 26, 2022
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As of Aug. 25, Bitcoin’s deposits on crypto exchanges below the seven-day moving average plummeted further to a two-year low, according to data from cryptocurrency analytics platform Glassnode.

Additionally, the number of Bitcoin addresses losing money on the 7-day moving average also hit a one-month high of 18,047,967.768.

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