Summary
- It was reported that 1000 Bitcoins (BTC) were deposited into Kraken.
- This large deposit is said to be approximately 154 billion KRW.
- Large deposits to exchanges can lead to an increase in selling pressure and short-term volatility.
1000 Bitcoins (BTC) have been deposited into the global cryptocurrency exchange Kraken.
According to the cryptocurrency transaction tracking site Whale Alert, around 20:41 on the 17th, 1000 BTC were transferred to the Kraken exchange. This amounts to approximately 107 million USD (about 154 billion KRW).
Typically, large deposits to exchanges can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
