Galaxy Digital Moves 2,500 Bitcoin Worth About $160 Million in an Hour, Mostly to Exchanges
JH Kim
Summary
- Galaxy Digital transferred 2,500 BTC worth about $160 million over the past hour.
- According to Lookonchain, most of the holdings were moved to exchanges.
- In general, deposits to exchanges are interpreted as a signal of potential selling.
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Galaxy Digital, a crypto financial services firm, moved 2,500 Bitcoin worth about $160 million over the past hour, according to on-chain data.
Lookonchain said on July 10 that most of the Bitcoin was transferred to exchanges. Exchange deposits are generally interpreted as a sign of potential selling.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.