Largest single BTC deposit hits Binance since the Luna collapse – over $500M – Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator

Largest single BTC deposit hits Binance since the Luna collapse – over $500M

Quick Take Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000. This was the highest amount of sell pressure since May 22, during the […]

Quick Take

Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000.
This was the highest amount of sell pressure since May 22, during the Luna collapse.
This selling pressure came from Binance, a whale transaction most likely selling into profits.
This is roughly the equivalent of 20,000 Bitcoin.

Netflow: (Source: Glassnode)

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