Whopping $880 Million in Bitcoin Shoveled to Exchanges – Will BTC Price Hold?
The post Whopping $880 Million in Bitcoin Shoveled to Exchanges – Will BTC Price Hold? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Contents Whales keep moving Bitcoin and Ethereum to exchanges Bitcoin enters “Greed” zone Crypto analyst and trader Ali Martinez (@ali_charts on Twitter/X social media network) has posted a tweet to say that over the past five days, unknown cryptocurrency whales have transferred an astonishing 20,000 Bitcoins to crypto exchanges. This amount of Bitcoin is evaluated at more than $880 million. The chart shared by Martinez shows that the overall massive plunge in exchanges’ Bitcoin supply is now being followed by a staggering BTC inflow to trading platforms. The Bitcoin price surpassed the $44,300 level on Tuesday. However, since then, the flagship cryptocurrency has seen a decline of 2.65%, taking Bitcoin down to the $43,146 level, where it is exchanging hands at the moment. Several commentators to the tweet opined that such a massive Bitcoin chunk being sold is bearish for the flagship cryptocurrency. Whales keep moving Bitcoin and Ethereum to exchanges Cryptocurrency tracking service Whale Alert spotted multiple transactions carrying millions of USD in Bitcoin and Ethereum to major crypto exchanges – Binance (1,127 BTC), Coinbase (16,788 ETH), Bitfinex (4,535 BTC) and also 7,239 BTC valued at a massive $313,534,431 were just transferred from one anonymous wallet to another. A whale, according to blockchain sleuth @lookonchain, deposited 1,449 Bitcoin to Binance a short while ago and made…
Filed under: News - @ December 10, 2023 5:22 am