Back to back withdrawals from Bitcoin whales, first Bithumb and now Binance

Definition

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

Quick Take

• Over $200 million worth of Bitcoin was withdrawn from exchanges on March 8.
• This is in addition to over $150 million of Bitcoin being withdrawn on March 7.
• Both withdrawals were led by whales (denoted by the red).
• Two days ago, the whale withdrew from Bithumb, while yesterday, the withdrawals came from Binance.

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