At night, a total of 432 million dollars of Bitcoin (BTC) was issued from Bybit in 3 stages.
With Bitcoin (BTC) approaching the critical region, the size of transfers in the market has increased to a large extent. Onchain’s data on BTC and ETH continues to scare. Finally, at night, 432 million dollars worth of BTC was withdrawn from Bybit. It is not yet known for what purpose and by whom such a large transfer will be used.
Created a question mark in mind
The $ 432 million worth of BTC output took place not in a single move, but in 3 moves in a row. The wallet, which first attracted 5,057 BTC ($ 132 million), later removed 5,360 BTC ($ 139.9 million) and 6,157 BTC ($ 160.8 million) from the stock market. This unidentified wallet brought up question marks with the transfer move.
The first issue that investors and Bybit users brought up was the “liquidity problem”. Crypto exchanges, which are having a hard time due to both market availability and regulatory pressures, continue to struggle with liquidity. This record-breaking BTC transfer in Bybit has created rumors that there may be a liquidity problem in the stock market.
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