Bitcoin Whales Thronged Crypto Exchanges And Supposedly Sold The Recent $19,600 Top
Bitcoin IS going to blow past the all-time high, when is just a matter of time and I’m not going to predict or make any guesses. I will say though that some people are getting very rich off of Bitcoin and will be getting much richer and you can take that however you want.
Bitcoin Whales Thronged Crypto Exchanges And Supposedly Sold The Recent $19,600 Top
From November 25-26, it was a bloodbath for turkeys and the global cryptocurrency market. But why? Data from blockchain analytics firm IntoTheBlock shows that deep-pocketed bitcoin holders offloaded a record 93,360 BTC on numerous exchanges around the world. This amounts to around $1.6 billion.
Whales have been moving $BTC into exchanges.#Bitcoin has faced a steep correction since Wednesday’s highs of $19,600
This drop started as soon as whales began to deposit BTC to exchanges. More than 93 thousand Bitcoin’s were deposited into centralized exchanges. pic.twitter.com/ntq1yIlDeV
— intotheblock (@intotheblock) November 27, 2020
This, according to the firm, was happening for quite some time. It seems whales strategically planned an exit from markets on Thanksgiving eve.
The bitcoin outflows from OKEx also contributed to this activity, largely due to users moving out after being dissatisfied with the exchange’s lack of updates on the situation surrounding the withdrawal pause. Statistics point to the recent outflows as being the highest since the ‘Black Thursday’ crash in March this year.
Full article here: https://cryptopotato.com/bitcoin-whales-thronged-crypto-exchanges-and-supposedly-sold-the-recent-19600-top/