Bitcoin Whale Dumps Over 1K BTC As Price Hits $63K, More Selloff Ahead?

Quick Summary:

A report showed that the large holder dumped 1.03K BTC, worth around $64.3 million, to Binance, fueling speculations over the potential reason behind the selloff.

A recent dump by a Bitcoin whale has caught the eyes of investors, especially as the BTC price soared more than 6% today.

The large holder has withdrawn 5,404 BTC, valued at around $352.97 million, from the top crypto exchange Binance between March and May.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Bitcoin whales Bitcoin News BTC price Bitcoin (BTC) Price 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 17:56:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22604006

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