Third consecutive Friday of significant outflows for Bitcoin
Friday, Jan. 27 saw the third biggest withdrawal of Bitcoin from exchanges year-to-date.
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)
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