Large movements and transactions in Bitcoin have always attracted attention as they can carry an indication of the upcoming movement in the course of Bitcoin.

Recently, statistics and data appeared that reveal the exit of Bitcoin from the cryptocurrency trading platforms after the third split that occurred a few days ago.

Data provided by Glassnode shows that nearly 24,000 bitcoins have been withdrawn since May 11.

In addition, the statistics provided by Bituniverse indicate the same thing, but withdrawals were affected only by some platforms and not others.

Recently, the Bitcoin mining reward split occurred, as a result of which the reward was reduced from 12.5 BTC to 6.25 BTC.

Read:Crypto Trader Reveals How He Turned 0.2 Bitcoin into $100K

It should also be noted that the Tether USDT rose in its total market capitalization for a brief period on May 12 and surpassed Ripple, to return to the fourth place again on COINMARKETCAP.

After the bitcoin mining reward fork took place, a number of users moved nearly 24,000 bitcoins, valued at about $222 million, from central exchanges, according to Glassnode statistics.

This data indicates that most of the movement came from specific trading platforms and not from the best platforms.

For example, Coinbase still contains most of the reserves of Bitcoin, and the reserves have remained almost the same.

Huobi has seen about 20,000 BTC transfers and exits since April 12.

Bitfinex and Bitmex have also seen some withdrawals of Bitcoin.

Bitfinex had reserves of about 205 thousand bitcoins in mid-April and today it has only 134 thousand.

Bitmex had about 228 thousand bitcoins on March 13, 2020, and today the data shows that there are 214 thousand bitcoins.

Bitstamp had about 66,000 bitcoins on April 12, 2020, but today it has more, with 71,000 bitcoins monitored according to Bituniverse data.

Read:The authorities arrest the founders of a trading platform on charges of manipulating trading volumes

Naturally, these withdrawals caused some movement and change in the positions of the exchanges in the order of their bitcoin reserves.

As for the top five cryptocurrency exchanges today, after the Bitcoin split are as follows:

Coinbase, Huobi, Binance, Okex, Bitfinex.

According to Glassnode’s statistics, these withdrawals did not affect the direction of Bitcoin, as I expressed this through Tweet On Twitter it says:

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In the hours leading up to the bitcoin mining reward halving, the net exchange flow dropped dramatically.

So far, the event of withdrawing funds from trading platforms has not had an impact on investors and an impact on the direction of Bitcoin.

Lots of money moved in and out of exchanges in April and transactions even outperformed January 3rd which is the key proof day when investors and Bitcoin holders are expected to withdraw their funds from the central exchanges.

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Traders Quit BitMEX, Bitcoin Drops 25%

New Report: Bitcoin Investors Are Pulling Their Money Away From Cryptocurrency Exchanges