According to Glassnode, withdrawals of Bitcoin from centralized exchanges over the previous day totaled $265.6 million, with a net outflow of $43.1 million.

Yesterday was just another day in a never-ending stream of Bitcoin transfers to decentralized solutions and withdrawals from exchanges, so it’s important to consider whether this marks the end of the FTX crisis or the beginning of a bullish trend in cryptocurrencies when Bitcoin is removed from exchanges.