Whales Drive Massive Bitcoin Withdrawals from Exchanges | Short News
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Whales Drive Massive Bitcoin Withdrawals from Exchanges | Short News

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1 year ago

bitcoin, ethereum, litecoin, btc, eth, ltc, ftx

Whales Drive Massive Bitcoin Withdrawals from Exchanges | Short News
Large Bitcoin withdrawals worth almost 240 million USD in a single day, driven by transactions over $10 million, have resulted in a surge in exchange activity. Meanwhile, the Ethereum Foundation transferred 15,000 ETH to Kraken on Saturday, prompting speculation of a selloff valued at around 30 million USD. Although the total balance of Bitcoin on major exchanges has increased since mid-March, it has not yet fully recovered from mass withdrawals between October and January, which resulted from fears of contagion following the collapse of FTX.
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