Second largest Bitcoin withdraw from exchanges this year

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

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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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)
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James Van Straten
James Van Straten
Former Lead Analyst 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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