According to On-Chain Data, Binance saw a $1,505,416,204 inflow of Bitcoin (BTC) in the last 30 days

In the last 30 days, more than $1.5 billion worth of Bitcoin (BTC) has entered the world’s largest crypto exchange platform by volume.

At the time of writing, new on-chain data from market intelligence platform Coinglass reveals that Binance possesses 588,129 Bitcoin, 51,386 of which were acquired this month.

In addition, Coinglass discovers that 22,590 BTC were acquired in the last seven days, while nearly 5,000 tokens were acquired in the last twenty-four hours.

Gemini, OKX, and Coinbase Pro, which saw monthly outflows of 22,416, 3,520, and 1,207 Bitcoin, respectively, are also notable crypto exchange platforms that experienced significant BTC movement in the previous month.

Kraken and Gate, respectively, saw 952 and 935 BTC trickle into their treasuries, indicating an increase in the quantity of Bitcoin they hold.

According to Coinglass, a total of 13,888 BTC entered cryptocurrency exchanges this month. The number of hashes required to mine a single Bitcoin block has reached a new all-time high, according to the crypto analytics firm Glassnode.

“After the most recent Bitcoin difficulty adjustment, the estimated number of hashes needed to mine a block has attained an all-time peak of 209 zettahashes (1021). As more hash power is deployed on the network, the difficulty of mining a block continues to increase.”

At the moment of writing, the price of Bitcoin is $29,216, representing a marginal increase over the past 24 hours.

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