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92% of Bitcoin exchange inflows come from short-term holders Bitcoin is the best asset to protect against Brazil’s 13% yearly currency depreciation Bitcoin options volume shows short-term indecision, long-term optimism Odds of 50bps Fed rate cut surge as Bitcoin remains stable at $58k US housing demand shoots up as population grows, influencing core inflation
26,000 Bitcoin withdrawn from exchanges โ€“ biggest withdraw this year 26,000 Bitcoin withdrawn from exchanges โ€“ biggest withdraw this year James Van Straten · 1 year ago
Insights Bitcoin

26,000 Bitcoin withdrawn from exchanges โ€“ biggest withdraw this year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 Bitcoinย 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.

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