On July 15, a significant blockchain movement was observed when a long-dormant whale, inactive for over 14 years and possessing more than 80,000 BTC, transferred 9,000 BTC to Galaxy Digital. Following this transfer, Galaxy Digital promptly initiated deposits of Bitcoin to centralized exchanges (CEX), with over 260 BTC moved within just 30 minutes. This activity highlights increased liquidity flows and potential shifts in institutional Bitcoin holdings, signaling important market dynamics for crypto investors and analysts monitoring large-scale asset reallocations.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024