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

While $230M of inflows have occurred for Bitcoin on Jan. 30, the fifth largest inflow in three months

James Van Straten
Jan. 30, 2023 at 7:50 pm UTC
1 min read
Updated: Jan. 30, 2023 at 7:51 pm UTC

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  • Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.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)
Stablecoin balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)
BUSD balance on exchange: (Source: Glassnode)
Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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