Over $120M withdrawn from Binance on Jan. 24, transaction volume indicates big player involved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Over $120M worth of Bitcoin was withdrawn from exchanges on Jan. 24.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.