Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Impacting Bitcoin Price Surge
Bitcoin whales have been withdrawing a significant amount of BTC from exchanges in the past week, taking advantage of the surge in Bitcoin price past $73,000. Over 21,000 BTC was withdrawn this week, with a staggering $752 million worth of BTC withdrawn on Thursday, marking the highest single-day withdrawal since May 2023. This mass withdrawal has had a swift impact on the Bitcoin price, which experienced a notable crash on Friday, falling over 7%. However, the emergence of 13 new whales with holdings of over 1,000 BTC suggests growing interest in Bitcoin among large players.
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
Announcement on Bitget listing LLYUSDT,MAUSDT,UNHUSDT STOCK Index perpetual futures
Announcement on Bitget listing CSCOUSDT, PEPUSDT, ACNUSDT STOCK Index perpetual futures
Stock Futures Rush: Trade popular stock futures and share $250,000 in equivalent TSLA tokenized shares. Each user can get up to $8,000 TSLA.
CandyBomb x RVV: Trade to share 25,800,000 RVV!
