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Second largest Bitcoin withdraw from exchanges this year Second largest Bitcoin withdraw from exchanges this year

Second largest Bitcoin withdraw from exchanges this year

Data via Glassnode

Large whale from Huobi withdrew roughly $300M worth of Bitcoin

Quick Take

  • In total, $400 million of Bitcoin was pulled from exchanges yesterday.
  • $300 million was attributed to a single whale using Huobi.
  • This outflow is the second-largest daily exchange withdrawal this year.
  • The biggest withdrawal occurred 11 days ago when $800 million left exchanges.
Exchange Netflow: (Source: Glassnode)
Exchange Netflow: (Source: Glassnode)