$200M of Bitcoin (BTC) went back onto Binance, Jan. 20 — a similar amount to Jan. 13, which took us over $21k. The transfer is primarily institutional, as it is more than $10M.
With the news of Genesis on top last night, this is encouraging to see BTC holding above $20k.
The substantial transfers are coming from Binance, which is sparking market volatility.
(By James Van Straten)