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

Quick Take

• Roughly 10,000 BTC  was sent to speech addresses connected Jan. 30
• The 5th biggest inflow successful the past 3 months, equivalent to astir $230 million
• In summation to astir $800 cardinal of stablecoins leaving exchanges
• Almost fractional of this magnitude ($300 million) is BUSD being withdrawn from exchanges.
• Stablecoin equilibrium connected exchanges is present sitting astatine $35.6 billion

Inflow Total: (Source: Glassnode)

Stablecoin equilibrium connected exchange: (Source: Glassnode)

BUSD equilibrium connected exchange: (Source: Glassnode)

The station Stablecoin withdrawals from exchanges scope $800M connected Jan. 30 appeared archetypal connected CryptoSlate.