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Back to back withdrawals from Bitcoin whales, first Bithumb and now Binance
In the past two days, Bitcoin withdrawals have totalled up to $350 million, driven by whales
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Definition
Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.
Quick Take
- Over $200 million worth of Bitcoin was withdrawn from exchanges on March 8.
- This is in addition to over $150 million of Bitcoin being withdrawn on March 7.
- Both withdrawals were led by whales (denoted by the red).
- Two days ago, the whale withdrew from Bithumb, while yesterday, the withdrawals came from Binance.
