This article is 3 years old. The information presented may be outdated.

Second largest Bitcoin withdraw from exchanges this year

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

James Van Straten
Author
James Van Straten
Published
Updated
Make preferred on

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)
Mentioned in this article
Bitcoin
Analyst View profile
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.

Context

Related coverage

Switch categories to dive deeper or gain broader context.

Disclaimer

Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. For more information, see our company disclaimers.

Bitcoin BTC (24h)
$75,652.71 -2.28%
Market Cap $1.51T
24H Volume $26.85B