Breakdown of the net flow of coins to/from exchanges by USD transaction value.
- An estimated $200 million worth of bitcoins were withdrawn from exchanges yesterday, the third most of the year so far.
- March 7 I saw Fed Chairman Powell Testifies to the Senate, in addition to The case of Grayscale v. SEC.
- The balance of the exchange suggests that Bitcoin was deposited into the exchanges initially due to fears of higher interest rates.
- Whales, however, took the opportunity to withdraw large amounts of Bitcoin amid hysteria and volatility.
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