Definition
Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions.
Quick Take
Over $200 million worth of Bitcoin was withdrawn from exchanges on March 8.
This is in addition to over $150 million of Bitcoin being withdrawn on March 7.
Both withdrawals were led by whales (denoted by the red).
Two days ago, the whale withdrew from Bithumb, while yesterday, the withdrawals came from Binance.
Exchange Netflow Binance: (Source: Glassnode)
Exchange Netflow Bithumb: (Source: Glassnode)
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