Traders are pulling out their crypto from exchanges. About 10, | Freewallet.org | Crypto Wallet

Traders are pulling out their crypto from exchanges. About 10,113 $BTC ($229.6 million) has been taken off exchanges in the last 30 days. In only hals of that time, about $3.6 Billion was withdrawn from exchanges in Ethereum.

Some of withdrawals could be attributed to the Merge (Development of the Ethereum 2.0), yet the withdrawals are closely mirrored by $BTC and are taking place along crypto companies getting in major financial troubles, so that is obviously influencing the situation.

This is a rather strange dip, but dip nevertheless. What do you think?