Quick Take
- On Feb. 4, a single entity withdrew over $120M in Bitcoin from Gate.io, the second largest withdrawal in the exchange’s history.
- Roughly 10,000 Bitcoin were withdrawn from exchanges over the weekend.
- Currently, 2.24M Bitcoin sitting are on exchanges, the lowest level in the past five years.
- Gate.io has 7,000 BTC left on the exchange.
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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