Exchange bitcoin balances add 929 BTC as Asia volume falls 66%, US rises 29%

Bitcoin held on exchanges posted net inflows over one day and seven days, while the 30-day balance continued to decline. Trading volume fell in Asia and rose in the United States.

Exchange bitcoin balances recorded short-term net inflows, although the monthly reading remained negative. European-session trading volume was the highest, followed by the U.S. and Asian sessions.

Major exchanges held a combined 2,451,532 BTC as of Oct. 17.

The total increased by 929 BTC over one day and 16,138 BTC over seven days. The 30-day balance fell by 24,567 BTC, indicating that the monthly decline persisted despite recent inflows.

Coinbase Pro held 838,132 BTC, the largest balance among the exchanges. It posted a one-day net outflow of 802 BTC and a seven-day net inflow of 1,480 BTC.

Binance ranked second with 663,380 BTC. Its balance rose by 2,532 BTC over one day and 9,863 BTC over seven days.

Bitfinex placed third with 427,606 BTC. It recorded a one-day net outflow of 10 BTC and a seven-day net inflow of 714 BTC.

Largest one-day net inflows ▲Binance (2,532 BTC) ▲OKX (440 BTC) ▲Gate (316 BTC) Largest one-day net outflows ▲Kraken (–1,436 BTC) ▲Coinbase Pro (–802 BTC) ▲Gemini (–242 BTC)

Binance BTCUSDT trading volume by session

On Oct. 16, Binance BTCUSDT trading volume totaled $206.99 million during the Asian session, $968.12 million during the European session and $379.91 million during the U.S. session.

Compared with Oct. 15, when the respective totals were $611.4 million, $1.64 billion and $295.56 million, Asian-session volume fell about 66.1%. European-session volume declined about 41%, while U.S.-session volume increased about 28.5%.

Europe led regional activity with $968.12 million in volume, followed by the United States and Asia.

This article is based on market data analysis and does not constitute investment advice regarding any asset.