Over $120m withdrawn from Binance on Jan. 24, transaction volume indicates big player involved

Big player makes third-biggest $120 million withdrawal of Bitcoin (BTC) over the last month – mainly from Binance.

Definition
Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.
Quick Take

Over $120M worth of Bitcoin was withdrawn from exchanges on Jan. 24.
The majority of the withdrawals again came from Binance.
This is the third biggest withdrawal from Binance in the past month.
The size of the transactions ranged from $1M and $10M.

Net Transfer Volume/to Exchanges breakdown by size: (Source: Glassnode)

Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.

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This article has been originally published at: https://cryptoslate.com/insights/over-120m-withdrawn-from-binance-on-jan-24-transaction-volume-indicates-big-player-involved/