Over $120M of Bitcoin withdrawn from exchanges on Jan. 17 – protecting Bitcoin over $21k

by Jeremy

Definition

  • Breakdown of the online move of cash into/out of exchanges by the USD worth of the transactions.

Fast Take

  • Over $120 million Bitcoin (BTC) was withdrawn from exchanges on Jan. 17.
  • Second-largest withdrawal from exchanges in over a month.
  • The most important withdrawal from exchanges in the identical interval occurred on Jan. 13, which noticed over $200 million go away exchanges.
  • The purple and orange coloration denotes $100,000 – $10 million transactions insinuating establishments or outstanding gamers withdrawing cash from exchanges.
Web Switch from/to Exchanges Breakdown by measurement (USD): (Supply: Glassnode)

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