Just saw on-chain data that a major exchange was recently involved in a large BTC withdrawal. A new wallet address withdrew a total of 1,051 BTC in one go, which at the latest price of $81.6K per BTC amounts to roughly $858 million. This level of withdrawal is quite eye-catching, especially coming from a large exchange. Usually, such large withdrawals could indicate someone is accumulating, or it could simply be a transfer of funds. Recently, large on-chain transfers have been quite frequent, and it seems like many people are rebalancing their BTC positions.

BTC-0.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin