Bitcoin

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

03/14/2023
Bitcoin Ethereum News

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)
Netflow: (Source: Glassnode)

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Source: https://cryptoslate.com/insights/largest-single-btc-deposit-hits-binance-since-the-luna-collapse-over-500m/