![Second largest Bitcoin withdraw from exchanges this year](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/05/huobi.png&w=70&h=37&q=75)
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)](https://cryptoslate.com/wp-content/uploads/2023/05/huobi-1.png)