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.
James Van Straten
Lead Analyst at CryptoSlateJames 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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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.