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![Netflow: (Source: Glassnode)](https://crypto-chat.org/wp-content/uploads/2023/07/Whale-outflow-from-Huobi-sees-Bitcoin-over-31K.png)
Netflow: (Source: Glassnode)
![Balance on exchange: (Source: Glassnode)](https://crypto-chat.org/wp-content/uploads/2023/07/1688663473_194_Whale-outflow-from-Huobi-sees-Bitcoin-over-31K.png)
Balance on exchange: (Source: Glassnode)
Quick Take
- Bitcoin jumps to over $31,200, up almost 3% on the day
- A whale outflow from Huobi saw almost 7,500 Bitcoin leave the exchange.
- Huobi now has less than 20,000 Bitcoin on the exchange; this comes after a report by Willy Woo of Huobi collateral continuing to be drained.
![Netflow: (Source: Glassnode)](https://crypto-chat.org/wp-content/uploads/2023/07/Whale-outflow-from-Huobi-sees-Bitcoin-over-31K.png)
![Balance on exchange: (Source: Glassnode)](https://crypto-chat.org/wp-content/uploads/2023/07/1688663473_194_Whale-outflow-from-Huobi-sees-Bitcoin-over-31K.png)
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