Summary
- Lookonchain reported that a wallet believed to belong to Ark Invest deposited 1,268 Bitcoin (BTC) worth about $148.88 million to Coinbase.
- Exchange deposits are generally interpreted as moves for trading activities such as selling.
- BTC price is trading at $117,585.60 on the Binance Tether (USDT) market, down 0.32% from the previous day.
On the 15th (local time), blockchain analytics firm Lookonchain reported on X (formerly Twitter) that a wallet address believed to belong to Ark Invest deposited 1,268 Bitcoin (BTC) (worth $148.88 million) to Coinbase about 30 minutes ago.
Deposits to exchanges are generally interpreted as actions for trading, such as selling, rather than for holding purposes.
As of 2:38 AM on the 16th, BTC is trading at $117,585.60 on the Binance Tether (USDT) market, down 0.32% compared to the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
