Whale Exchange Withdrawal Volume
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Whale Exchange Withdrawal Volume totals the BTC withdrawn each day from tracked exchanges to entities classified as large holders in this series. It measures the volume of that cohort's withdrawals in BTC, rather than the number of whales or the size of every individual withdrawal.
How to read it
Rising volume shows greater movement from exchanges toward large-holder entities, potentially reflecting custody changes or settlement of earlier purchases. The record was about 162,766 BTC on July 31, 2017; the 2022 high was about 60,702 BTC on June 13. Low readings simply indicate fewer BTC taking this route, not necessarily weaker whale demand.
A withdrawal does not date the underlying purchase, and the receiving entity may represent pooled client funds. Exchange and entity labels affect coverage, and the large-holder classification should not be confused with a minimum size for each withdrawal. Compare with total withdrawals and exchange inflows before treating a large outflow as accumulation.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Unit
- BTC
- Data since
- 2011-08-19
- Latest data
- 2026-10-27
- Data points
- 5,549
FAQ
Does a whale withdrawal mean a large investor just bought BTC?
No. A purchase can precede an on-chain withdrawal, and a withdrawal can also be a transfer to another custody arrangement. The series identifies a route, not the time or price of a trade.
Is a whale withdrawal always a single very large transaction?
Not necessarily. The classification concerns the receiving large-holder entity, whereas this chart adds the BTC volume of qualifying withdrawals. Several smaller withdrawals can contribute to the total.
How does whale withdrawal volume differ from total exchange outflows?
Total outflows cover the broader tracked exchange withdrawal flow. This series isolates withdrawals to the classified large-holder cohort, so its trend can differ from that of withdrawals overall.
