According to our data, around 170,000 $BTC (~$1.8 billion USD) are being held in #BitMEX wallets.

That's almost 1% of the circulating #Bitcoin supply.

Live chart | @glassnode

According to our data, last night more than 23,200 BTC were withdrawn from #BitMEX addresses in a single hour (~13% of all BTC in their vaults).

That is the largest hourly $BTC outflow from BitMEX we've observed so far.

#Bitcoin

Live chart | @glassnode

Update: Another batch of ~6k BTC was withdrawn from #BitMEX in the past hour.

In total, over 32,200 $BTC were pulled from the exchange (~19% of funds) in three larges baches since the announcement.

#Bitcoin

Live chart | @glassnode

Long positions are increasingly paying shorts:

Funding rates for futures contracts are on the rise, reaching a mean of 0.065% across exchanges.

While #BitMEX has the highest rate (1.04%), #Bitfinex is the only exchange with a negative rate.

#Bitcoin

Live chart | @glassnode

#Ethereum funding rates are at a record high, breaking an average of 0.2% across major exchanges.

#BitMEX is leading the pack with a funding rate above 0.4%

Live chart | @glassnode