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Third consecutive Friday of significant outflows for Bitcoin

Friday, Jan. 27 saw the third biggest withdrawal of Bitcoin from exchanges year-to-date.

James Van Straten
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James Van Straten
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Quick Take

  • As withdrawals continue to occur in 2023, a further $150 million of spot Bitcoin left exchanges on Jan. 27.
  • The withdrawals are the third biggest of the year, and this is the third consecutive time that a large order has been placed on a Friday.
  • The majority of the Jan. 27 withdrawals took place on crypto exchange Bithumb.

    Outflows vs Inflow: (Source: Glassnode)
    Outflows vs Inflow: (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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