Insights

Third consecutive Friday of significant outflows for Bitcoin

exchange68September 13, 2024

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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)

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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