"Deposit of 1025 Bitcoin (BTC) to Binance... Approximately 153.8 billion KRW"

Minseung Kang

Summary

It was reported that 1025 Bitcoin was deposited into the global cryptocurrency exchange Binance.
The transferred Bitcoin is said to be worth approximately 153.8 billion KRW.
Large deposits are usually reported to increase selling pressure and can cause short-term volatility.

1025 Bitcoin (BTC) has been deposited into the global cryptocurrency exchange Binance.

According to the cryptocurrency transaction tracking site Whale Alert, at around 17:55 on the 16th, 1025 BTC was transferred from the wallet address of Binance's custody platform Ceffu to the Binance exchange. This amounts to approximately 107.18 million USD (about 153.8 billion KRW).

Typically, large deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

"Deposit of 1025 Bitcoin (BTC) to Binance... Approximately 153.8 billion KRW"

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