A full week has passed since the start of the FTX fiasco, and it’s safe to say the event has shaken crypto investors a great deal. Metrics show that not only are exchanges dealing with some of the highest trade volumes in months, but trading platforms have seen a significant number of withdrawals as well.
After seven days of significant crypto price fluctuations, on Sunday, Nov. 13, crypto exchange volumes have seen momentum drop down to levels recorded prior to Nov. 7. Statistics from cryptoquant.com indicate that exchanges held 2,312,458 bitcoin (BTC) on Nov. 7, and by Sunday, Nov. 13, exchanges held 2,098,600 BTC.
