Stablecoin withdrawals from exchanges reach $800M on Jan. 30

2023-1-31 22:50

Quick Take Roughly 10,000 BTC  was sent to exchange addresses on Jan. 30 The fifth biggest inflow in the past three months, equivalent to around $230 million In addition to roughly $800 million of stablecoins leaving exchanges Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges. Stablecoin balance on exchanges is now sitting at $35.6 billion Inflow Total: (Source: Glassnode) Stablecoin balance on exchange: (Source: Glassnode) BUSD balance on exchange: (Source: Glassnode)

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