Summary
- "Whale Alert reported on the 3rd that a large amount of Bitcoin was transferred to Binance."
- "The transfer amount of this Bitcoin was reported to be approximately $92.45 million."
- "Large deposits to exchanges can increase market volatility due to increased selling pressure, according to the report."
A large amount of Bitcoin (BTC) has been transferred to the cryptocurrency exchange Binance.
On the 3rd (local time), Whale Alert announced via X that "999 BTC has been transferred from an anonymous address to Binance," stating that "this amounts to approximately $92.45 million (about 135.1 billion KRW)."
Typically, large deposits to exchanges can lead to increased selling pressure, which can cause greater short-term volatility.
As of 9:49 PM, Bitcoin is trading at $93,095 on Binance's USDT market, up 8.33% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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