meaning
A breakdown of the net flow of coins to/from exchanges by the USD value of the transaction.
quick take
- About $200 million of bitcoin was withdrawn from exchanges yesterday, the third-highest amount since the beginning of the year.
- On March 7, Fed Chairman Powell testified before the Senate in addition to Grayscale v. SEC.
- Exchange balances suggest that bitcoin was initially deposited on exchanges out of fear of rising interest rates.
- However, the whale took the opportunity to withdraw large amounts of Bitcoin amidst the hysteria and volatility.
The third largest YTD Bitcoin exchange withdrawal caused by a whale first appeared on CryptoSlate.
