2024

Bitcoin

Arkham

Since June 27, two wallets have deposited 9,500 BTC to Binance, indicating potential whale liquidations worth nearly $550 million.&nbsp; 
Blockchain analytics firm Lookonchain identified these wallets, which might be liquidating nearly $550 million in Bitcoin holdings. These transfers were initially valued at $575 million but have since dropped to $537 million after Bitcoin price fell. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In addition to the <a href="https://twitter.com/hashtag/German?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#German</a> Government, <a href="https://twitter.com/hashtag/US?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#US</a> Government and <a href="https://twitter.com/hashtag/MtGox?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#MtGox</a> selling <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> recently, whales are also selling <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>! 2 whales have deposited 9,301 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>($563M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> since June 27, which also caused the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> price to fall. Address: 1J22CPni1EsmT15A9qveydfWMoPMRw9Lp3… <a href="https://t.co/fAH1FR86XD" target="_blank">pic.twitter.com/fAH1FR86XD</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1809251182772416947?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 5, 2024</a>
 </blockquote> 
 </div>
</figure> 
Blockchain analytics firm Lookonchain first identified these transactions, suggesting they may indicate large-scale investors, often referred to as whales, liquidating their Bitcoin holdings. The timing of these deposits coincided with declines in bitcoin’s price, which were possibly influenced by the large sell-offs. 
One of the <a href="https://platform.arkhamintelligence.com/explorer/address/3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN" target="_blank" rel="noreferrer noopener">wallets</a>, still holding over 4,300 bitcoins worth nearly $250 million, made its most recent deposit just two days ago. This ongoing movement of funds to Binance addresses, flagged as deposit wallets by Arkham Intelligence, underscores a significant shift in cryptocurrency holdings among large investors. 
The crypto market has been particularly sensitive to such movements recently, partly due to the repayment of creditors associated with the hacked exchange Mt. Gox. This ongoing process, involving Bitcoin and Bitcoin cash repayments, has triggered substantial liquidations across the market.&nbsp; 
However, the exact timeline for these repayments varies by custodian, potentially leaving some creditors waiting for up to three months to receive their digital assets. 
This influx of Bitcoin to Binance highlights the ongoing dynamics of large-scale transactions within the cryptocurrency ecosystem, influencing market trends and investor sentiment.&nbsp; 
As these whales continue to adjust their holdings, the broader market remains attentive to potential impacts on prices and overall market stability. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/05/brace-for-mt-gox-creditors-99-bitcoin-sell-off-analyst/" target="_blank" rel="noreferrer noopener">Brace for Mt. Gox Creditors 99% Bitcoin Sell-off: Analyst</a> 
</blockquote>

Two Whales Deposit 9,500 BTC to Binance in a week

The Crypto Times

Artikel lain yang dipublikasikan pada 6 Jul 2024

German MP Calls To Halt Bitcoin Sell-off Now

Analysts Recommend Keeping an Eye on These Altcoins as Bitcoin Touches $54k

Technical Indicators Suggest These Tokens Could Increase 100X

USDC Approved in EU as Galaxy Fox P2E Game Gains Global Traction

Solana (SOL) Donation of 1 Million Dollars from the US Giant Company to Cryptocurrency Supporter ...

Shiba Inu Lead Shytoshi Kusama Confirms India Visit, What’s In Store?

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!