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Bitcoin pierced through $31k – $240M withdrawn from exchanges

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Quick Take

  • As reported yesterday by CryptoSlate, whales have started accumulating Bitcoin around the $30,000 price again.
  • Roughly $240 million worth of Bitcoin was pulled from exchanges yesterday — the sixth biggest withdrawal this year.
  • Two days ago, a large whale from Bitfinex seemed to have deposited coins back on to exchanges, which is bearish. However, a further deep dive shows this was just an internal transaction, according to CryptoQuant.
Net Transfer: (Source: Glassnode)
Net Transfer: (Source: Glassnode)
Internal Transfer: (Source: CryptoQuant)
Internal Transfer: (Source: CryptoQuant)

The post Bitcoin pierced through $31k – $240M withdrawn from exchanges appeared first on CryptoSlate.



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