Third consecutive Friday of significant outflows for Bitcoin Quick Take
- As withdrawals continue to occur in 2023, a further $150 million of spot Bitcoin left exchanges on Jan. 27.
- The withdrawals are the third biggest of the year, and this is the third consecutive time that a large order has been placed on a Friday.
- The majority of the Jan. 27 withdrawals took place on crypto exchange Bithumb.
Outflows vs Inflow: (Source: Glassnode)
Analyst 
James Van Straten
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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
