Bitcoin whales have pulled over $1B in Bitcoin from crypto exchanges in the past 24 hours.
Bitcoin whales processed over 4,000 transactions this week, after hitting a low of around 2,300 transactions per day in early April, according to data from Santiment. All 4,000 transactions were recorded as transactions worth at least one million dollars. According to
Santiment, whales’ moves can cause the asset’s value to jump again.
“Big spikes in transactions are what we’re looking for for the next price jump after April’s drop”
The firm has also released 25.878 BTC (around $1 billion) from crypto exchanges. He found out that he was leaving.
Santiment states that exits from exchanges could mean a price rally is on the horizon for Bitcoin.
Bitcoin is trading at $ 40,195 at the time of writing, according to Binance data.
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