Bitcoin Whales Scoop 5,900 BTC In Recent Correction, Recovery Expected Soon?

Quick Summary:

However, it seems that the Bitcoin whales are making the most of the opportunity while scooping over 5,900 BTC worth a staggering $397 million from the centralized exchanges (CEXs).

On late Monday, the Bitcoin (BTC) price faced a stiff rejection at $70,000 levels dropping an additional 4.5% and moving all the way to $66,500.

Of these, the whale withdrew 3,500 BTC soon after the BTC price corrected on Monday.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaGermany

Topics: Bitcoin whales Bitcoin News BTC price Bitcoin (BTC) Price 24/7 Cryptocurrency News Mt. Gox repayment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 11:25:55 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21856227

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