Ad
CryptoSlate on Substack
Your daily dose of must-have crypto news and deep dives. Direct to your inbox.
Join 90k+ subscribers
Insights
Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments Stablecoin market hits 2-year high of $183B amid Trump victory fueled optimism
26,000 Bitcoin withdrawn from exchanges – biggest withdraw this year 26,000 Bitcoin withdrawn from exchanges – biggest withdraw this year James Van Straten · 2 years ago
Insights Bitcoin

26,000 Bitcoin withdrawn from exchanges – biggest withdraw this year

Data via Glassnode

A single whale's colossal move, withdrawing 26,000 Bitcoin from Coinbase, marks the largest off-exchange transaction since December 2022.

James Van Straten / @jvs_btc / May. 16, 2023 at 9:22 am UTC

Quick Take

  • 26,000 Bitcoin was taking off Coinbase yesterday.
  • Roughly $800 million worth of Bitcoin off exchanges.
  • This is the biggest withdrawal off exchanges this year and the biggest since December 2022
  • This withdrawal was driven by large whale from Coinbase.
Exchange Balance: (Source: Glassnode)
Exchange Balance: (Source: Glassnode)
Exchange Balance: (Source: Glassnode)
Exchange Balance: (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.

Latest Insights
Bitcoin surges to $97k as market leverage hits historic $63 billion

Bitcoin surges to $97k as market leverage hits historic $63 billion

Data via Glassnode 11 hours ago
Memecoin revival drives Solana DEX Raydium past Tether in fees

Memecoin revival drives Solana DEX Raydium past Tether in fees

1 day ago
Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k

1 day ago

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight

Bitcoin BTC (24h)
$98,030.24 +4.11%
Vol: $103.73B MCap: $1.94T

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

More about Bitcoin

Glassnode

Analytics, Research Company in Europe

Glassnode brings data intelligence to the blockchain and cryptocurrency space.

More about Glassnode

Featured Data Partner

Make better trading decisions with Glassnode

Most Viewed

 Ad
CryptoSlate on Substack cryptoslate.substack.com
Your daily dose of must-have crypto news and deep dives. Direct to your inbox.
Join 90k+ subscribers