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

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• Almost half of this amount ($300 million) is BUSD being withdrawn from exchanges.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

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