On September 27, according to data from Spot On Chain, a whale has significantly impacted the cryptocurrency market by withdrawing a cumulative 3501 BTC (approximately US$221.39 million) from Binance over the last three days. Recently, this whale executed an additional withdrawal of 100 BTC just 15 minutes ago. This activity is notable because each substantial withdrawal has been followed by a noticeable increase in Bitcoin’s price. Currently, the whale possesses a total of 4062 BTC, valued at approximately US$262.2 million, underscoring its potential influence in the market.
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