Bitcoin pierced through $31k as $240M withdrawn from exchanges

Almost $240 million Bitcoin was withdrawn from exchanges yesterday, seen coming from Binance and Coinbase.

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • As reported yesterday by CryptoSlate, whales have started accumulating Bitcoin around the $30,000 price again.
  • Roughly $240 million worth of Bitcoin was pulled from exchanges yesterday — the sixth biggest withdrawal this year.
  • Two days ago, a large whale from Bitfinex seemed to have deposited coins back on to exchanges, which is bearish. However, a further deep dive shows this was just an internal transaction, according to CryptoQuant.
Net Transfer: (Source: Glassnode)
Net Transfer: (Source: Glassnode)
Internal Transfer: (Source: CryptoQuant)
Internal Transfer: (Source: CryptoQuant)
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James Van Straten
James Van Straten
Former Lead Analyst 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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Bitcoin BTC (24h)
$79,635.74 -1.29%
Market Cap $1.6T
24H Volume $33.84B
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