Largest single BTC deposit hits Binance since the Luna collapse – over $500M

1 year ago 98

Quick Take

Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000. This was the highest amount of sell pressure since May 22, during the Luna collapse. This selling pressure came from Binance, a whale transaction most likely selling into profits. This is roughly the equivalent of 20,000 Bitcoin.  Glassnode)Netflow: (Source: Glassnode)

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