Insights

Over $120M of Bitcoin withdrawn from exchanges on Jan. 17 – keeping Bitcoin over $21k

exchange68September 13, 2024

0 4 1 minute read

Definition

Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.

Quick Take

Over $120 million Bitcoin (BTC) was withdrawn from exchanges on Jan. 17.
Second-largest withdrawal from exchanges in over a month.
The biggest withdrawal from exchanges in the same period happened on Jan. 13, which saw over $200 million leave exchanges.
The red and orange color denotes $100,000 – $10 million transactions insinuating institutions or prominent players withdrawing coins from exchanges.

Net Transfer from/to Exchanges Breakdown by size (USD): (Source: Glassnode)

Analyst

James Van Straten

Former Lead 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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