Bitcoin

Million

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours.</p>
<p dir="ltr">The whale in question&nbsp;<a href="https://twitter.com/lookonchain/status/1782395926537294076" rel="noopener noreferrer nofollow">sold</a> roughly $302 million worth of Bitcoin over the period from March 15 to March 15.&nbsp;</p>
<h2 id="smart-money-accumulating-bitcoin">Smart money accumulating Bitcoin?&nbsp;</h2>
<p dir="ltr">Some social media users started speculating about the possibility of large institutional investors entering the market following the approval of several Bitcoin ETFs.&nbsp;</p>
<p dir="ltr">Last week, there was a&nbsp;<a href="https://twitter.com/ali_charts/status/1780305407262544306" rel="noopener noreferrer nofollow">notable change</a> in accumulation trends, with whales distributing their holdings instead of expanding their portfolios.&nbsp;&nbsp;</p>
<p dir="ltr">Bitcoin whales have been instrumental in shaping the direction of the market, which is why their moves are closely monitored by the cryptocurrency community. At the end of 2023, whales still accounted for nearly 40% of Bitcoin's total supply, a testament to their immense influence.&nbsp;&nbsp;</p>
<h2 id="bitcoin-s-recent-recovery">Bitcoin's recent recovery&nbsp;</h2>
<p dir="ltr">The largest cryptocurrency is currently trading at $66,273 after reaching an intraday high of $66,504 earlier this Monday.</p>
<p dir="ltr">Despite many analysts predicting that the halving would be a sell-the-news event, Bitcoin's price action has been rather healthy so far.&nbsp;</p>
<h2 id="other-binance-related-transfers">Other Binance-related transfers&nbsp;</h2>
<p dir="ltr">Earlier today, Whale Alert, a service that tracks large transactions, also&nbsp;<a href="https://twitter.com/whale_alert/status/1782356764391780392" rel="noopener noreferrer nofollow">recorded</a> two large Tether (USDT) transactions that were sent to Binance. The cumulative value of the aforementioned transitions approached 123 million.&nbsp;</p>
<p dir="ltr">As&nbsp;<a href="https://u.today/binance-injects-millions-of-xrp-into-mysterious-wallet-at-good-price-opportunity" rel="noopener noreferrer nofollow">reported by U.Today</a>, $14 million worth of XRP was also transferred to an unknown wallet earlier today.&nbsp;</p>
<p dir="ltr">All of the largest meme coins remain in the green despite significant whale moves over the past 24 hours.&nbsp;</p>

Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance

목차

U_Today

2024년 4월 22일에 게재된 다른 기사

Tether Issues $60M on TON, A Great Start: CEO Says

Sen Warren proposes 1% Wealth Tax on Crypto holdings

Ethereum’s Market Prospects Amid Investor Optimism and Growth Hurdles

Juventus Fan Token (JUV) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Expert Spots Green Light Ahead for These 3 Promising Coins

Speculation Over AI in Kanye West’s Verse on New Childish Gambino Track

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!