Bitcoin Holders Withdraw $700 Million in $BTC off Exchanges in Impressive Vote of Confidence

The amount of Bitcoin ($BTC) being held on cryptocurrency trading platforms has dropped to a four-year low after nearly $700 million worth of the flagship cryptocurrency were withdrawn from trading platforms in a single day.

According to on-chain analytics firm Santiment, on September 30 bitcoin holders moved a whopping 34,723 BTC off of cryptocurrency exchanges “indicating what may be a hint of trader confidence heading into Q4.”

Per the firm, the last time such a large a