Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Roughly $200M of Bitcoin sold onto exchanges by Coinbase whale
Yesterday saw the fifth most amount of Bitcoin deposits to exchanges this year
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Roughly $200 million of Bitcoin was sold yesterday on exchanges.
- A large whale from Coinbase drove the sale.
- This is one of the most significant deposits onto exchanges this year; deposits to exchanges on May 30 saw $367 million.
- Yesterday saw the fifth most amount of Bitcoin deposits to exchanges this year.
- This coincides with a strengthening dollar at a one-month high of 104.63.
- Due to a risk-off environment, and rising rates, entities may consider selling assets to fulfill their commitments.
- Since the DXY represents a pledge to settle debts, individuals could potentially opt to liquidate Bitcoin or other assets to acquire dollars.
Deposits to exchanges: (Source: Glassnode)
Market Cap $1.59T
24H Volume $33.65B
