🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
Whale Moves Bitcoin Worth US$347 Million
Whale Bitcoin (BTC) transferred over 3.165 BTC worth US$347 million to the largest exchange in the US within two hours on Wednesday (11/06). This transfer occurred in several transactions from an anonymous wallet, with the largest transaction reaching 794 BTC or worth US$86.9 million.
One significant transaction involved 510 BTC or worth US$56.1 million sent from the crypto trading firm Institutional. Such large activity usually indicates potential selling by a whale or large institutions.
Investors are becoming cautious as large flows of Bitcoin to exchanges are often associated with sell-offs that can impact prices. Although the exact reasons are not yet known, the transfer patterns and involvement indicate a positioning strategy by institutional players.
As a point of information, at the time this article was written, Bitcoin was at the level of US$107,736 or down 1.70% in the last 24 hours after the Consumer Price Index (CPI) or inflation in the United States was reported to have risen by 2.4% year-on-year in May.