Over 34,000 BTC moved off exchanges in single day

On-chain analytics firm Santiment reports that 34,723 BTC moved off exchanges Sept. 30, marking the highest in more than three months and the fourth largest Bitcoin move in 2022.

In its most recent analysis, on-chain data analytics firm CryptoQuant notes that exchange reserves have decreased by more than 60,000 BTC during the last three days. It states that this remains the highest amount in months and might be a sign of demand returning to the market after months of price declines.