Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Friday saw the sixth biggest outflow of Bitcoin from exchanges YTD
Institutional investors continue to scoop up Bitcoin, further driving exchange outflows.
Quick Take
- May 5 saw the sixth biggest outflow of Bitcoin from exchanges since the start of the year.
- Roughly $240 million worth of Bitcoin was driven primarily by large whales, denoted by the red and orange colors.
- This is supported by the accumulation trend score by cohort, which denotes that whales that hold over 10,000 Bitcoin or more continue accumulating and have been for over a month.
- While all other cohorts are still in a state of distribution.



















