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Over $120M withdrawn from Binance on Jan. 24, transaction volume indicates big player involved Over $120M withdrawn from Binance on Jan. 24, transaction volume indicates big player involved James Van Straten · 2 years ago
Insights Bitcoin

Over $120M withdrawn from Binance on Jan. 24, transaction volume indicates big player involved

Big player makes third-biggest $120 million withdrawal of Bitcoin (BTC) over the last month – mainly from Binance.

James Van Straten / @jvs_btc / Jan. 25, 2023 at 10:38 am UTC

Definition

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

Quick Take

  • Over $120M worth of Bitcoin was withdrawn from exchanges on Jan. 24.
  • The majority of the withdrawals again came from Binance.
  • This is the third biggest withdrawal from Binance in the past month.
  • The size of the transactions ranged from $1M and $10M.
Net Transfer Volume/to Exchanges breakdown by size: (Source: Glassnode)
Net Transfer Volume/to Exchanges breakdown by size: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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In this insight

Bitcoin BTC (24h)
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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Glassnode

Analytics, Research Company in Europe

Glassnode brings data intelligence to the blockchain and cryptocurrency space.

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