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Over $120M of Bitcoin withdrawn from exchanges on Jan. 17 – keeping Bitcoin over $21k

  • January 18, 2023
  • Posted by: admin
  • Category: BitCoin, Blockchain, Cryptocurrency, Investments
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Definition

  • Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.

Quick Take

  • Over $120 million Bitcoin (BTC) was withdrawn from exchanges on Jan. 17.
  • Second-largest withdrawal from exchanges in over a month.
  • The biggest withdrawal from exchanges in the same period happened on Jan. 13, which saw over $200 million leave exchanges.
  • The red and orange color denotes $100,000 – $10 million transactions insinuating institutions or prominent players withdrawing coins from exchanges.
Net Transfer from/to Exchanges Breakdown by size (USD): (Source: Glassnode)

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