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

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)
Netflow: (Source: Glassnode)

The post Largest single BTC deposit hits Binance since the Luna collapse – over $500M appeared first on CryptoSlate.

Read Entire Article


Add a comment