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 Over 21,000 BTC was withdrawn this week, with a staggering $752 million worth of BTC withdrawn on Thursday, marking the highest single-day withdrawal since May 2023.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
Hassett: Trump is studying whether "removing Powell" is an option
Strategy returns surpass Nvidia, Tesla, Google, Apple and Microsoft
Polygon and Jio bring blockchain to 450 million users in India

Algorand Foundation and The Core Launch ‘Build on Blockchain’ Series for Industry Leaders

Trending news
MoreCrypto prices
More








