CryptoQuant: A certain whale withdrew nearly one billion dollars worth of Bitcoin from Coinbase last weekend
According to a report by CryptoQuant, a certain whale withdrew over 18,000 bitcoins (worth about $1 billion) from CEX last weekend. These bitcoins were then distributed into multiple new wallets, each with a balance value between $45 million and $171 million. This move by the whale caused CEX's bitcoin reserves to drop to 394,000 BTC, worth approximately $20.5 billion, hitting its lowest level since 2017.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME EBS market will open at 20:00
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
Trending news
MoreCrypto prices
More
