[SERIOUS] Centralized Exchange Use has spiked massively as CEX trust (or simply greed) increases

The FTX fallout had caused an exodus of about $17 Billion in BTC from the top 40 CEX's, a value that was recorded a few days after the FTX withdrawal chaos and has stayed fairly constant until the beginning of this year. However, within the past week, BTC reserves on CEX's have massively increased due mainly to buying as BTC deposits were still low. Thus, these CEX's have recovered almost 50% of the losses, around $8B of the $17B in BTC lost from the FTX fallout.

​

CEX BTC Reserves(blue line)

In totality, the exchanges lost around 31% of BTC reserves, left with 69% post-FTX. This losses have recovered about 50% so exchanges now have around 85% of the reserves they had before the FTX collapse.

The number however, are not even between exchanges. The largest exchanges have recovered numbers between 10-15% relative of their pre-FTX reserves while some smaller exchanges have recovered higher numbers with almost 30% by CoinDCX.

​

​

Exchange Reserves 1W Change