"Major Exchanges Withdraw 28,946 Bitcoins (BTC) in 1 Hour... Approximately 3 Trillion Won"
Minseung Kang
Summary
- It was reported that 28,946.34 BTC were withdrawn from exchanges in the last hour, raising the possibility of a Bitcoin rise.
- It was revealed that 95% of the withdrawn Bitcoins, 27,751 BTC, occurred on Binance.
- CryptoQuant warned that the massive withdrawals could be new wallet transfers.
Over 28,900 Bitcoins (BTC) have been withdrawn from exchanges in the past hour.
According to CryptoQuant alerts, as of 19:29 on the 25th, 28,946.34 Bitcoins (BTC) were withdrawn from exchanges in the past hour. Of the total withdrawals, 95% or 27,751 BTC occurred on Binance.
Additionally, 436 BTC were withdrawn from Coinbase Prime wallets, and 297 BTC from Coinbase Advanced accounts.
It is generally known that the more a specific coin is withdrawn from cryptocurrency exchanges, the higher the possibility of that coin rising.
CryptoQuant added, "Massive withdrawals from exchanges that do not support custody or over-the-counter (OTC) trading could be new wallet transfers, so please be cautious."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
