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Second largest Bitcoin withdraw from exchanges this year Second largest Bitcoin withdraw from exchanges this year James Van Straten · 2 weeks ago
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Second largest Bitcoin withdraw from exchanges this year

Data via Glassnode

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

James Van Straten / May. 26, 2023 at 10:07 am UTC

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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Analyst
James Van Straten
Research 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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