"Deposit of 1145 Bitcoin (BTC) to Gemini Exchange... Approximately 160 Billion KRW"
Minseung Kang
Summary
- It was reported that 1145 Bitcoin was deposited to the Gemini exchange.
- According to Whale Alert, this amounts to approximately 110.14 million USD (about 160 billion KRW).
- Large deposits can increase selling pressure, potentially increasing Bitcoin's short-term volatility.
A total of 1145 Bitcoin (BTC) has been deposited to the global cryptocurrency exchange, Gemini.
According to Whale Alert, a cryptocurrency transaction tracking site, at around 19:28 on the 23rd, 1145 BTC was transferred from an anonymous wallet address to the Gemini exchange. This amounts to approximately 110.14 million USD (about 160 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.
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