Insights

Whale outflow from Huobi sees Bitcoin over $31K

exchange681 week ago

0 0 1 minute read

Quick Take

Bitcoin jumps to over $31,200, up almost 3% on the day
A whale outflow from Huobi saw almost 7,500 Bitcoin leave the exchange.
Huobi now has less than 20,000 Bitcoin on the exchange; this comes after a report by Willy Woo of Huobi collateral continuing to be drained.

Balance on exchange: (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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