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. Netflow: (Source: Glassnode)The post Largest single BTC deposit hits Binance since the Luna collapse – over $500M appeared first on CryptoSlate.