$1,000,000,000 in Bitcoin Withdrawn From Exchanges in Just One Day: On-Chain Analyst Will Clemente

$1,000,000,000 in Bitcoin Withdrawn From Exchanges in Just One Day: On-Chain Analyst Will Clemente


Crypto analyst Will Clemente is revealing that big-money investors continue to accumulate Bitcoin in massive amounts as the leading cryptocurrency trades below $60,000.

In a new tweet, the analyst says that he spotted a mysterious entity facilitating the largest Bitcoin withdrawal seen on-chain in three weeks.

“Whoa… Glassnode reporting a massive withdrawal from exchanges totaling 11,504 BTC ($667 million) earlier today… Who could it possibly be this time?”

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Source: Will Clemente/Glassnode/Twitter

In a separate transaction, Clemente adds that he witnessed the relocation of 6,056 BTC worth $331.80 million in a span of a few minutes.

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