Whale Withdraws Over 1,300 Bitcoins from Deribit Worth $137 Million in One Week

According to Onchain Lens data reported by COINOTAG News on June 20th, a significant whale transaction was observed involving the withdrawal of 303.36 bitcoins from the Deribit exchange, valued at roughly $31.66 million. This movement highlights notable liquidity shifts within the crypto derivatives market. Over the last seven days, the same entity has executed cumulative withdrawals amounting to 1,303.35 bitcoins from Deribit, equating to an estimated $137.52 million. Such large-scale transfers underscore the ongoing strategic asset reallocations by major holders, potentially impacting market dynamics and liquidity on the platform. Monitoring these substantial withdrawals is crucial for investors aiming to gauge institutional sentiment and anticipate potential market adjustments in the bitcoin ecosystem.

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