Insights

Over $120M withdrawn from Binance on Jan. 24, transaction volume indicates big player involved

exchange68September 13, 2024

0 0 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Over $120M worth of Bitcoin was withdrawn from exchanges on Jan. 24.
The majority of the withdrawals again came from Binance.
This is the third biggest withdrawal from Binance in the past month.
The size of the transactions ranged from $1M and $10M.

Net Transfer Volume/to Exchanges breakdown by size: (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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