Cryptocurrency

Over $120m withdrawn from Binance on Jan. 24, transaction volume indicates big player involved

meaning

A breakdown of the net flow of coins to/from exchanges by the USD value of the transaction.

quick take

  • Over $120 million in Bitcoin was withdrawn from exchanges on January 24th.
  • The majority of withdrawals were from Binance.
  • This is the third largest withdrawal from Binance in the past month.
  • Transaction sizes ranged from $1 million to $10 million.
Breakdown of Net Transfers/Size to Exchanges: (Source: Glassnode)

Post Over $120 million withdrawn from Binance on January 24th. The trading volume marks the first appearance of the big companies involved on CryptoSlate.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button