Insights

Second largest Bitcoin withdraw from exchanges this year

exchange68September 13, 2024

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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.

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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