Largest single BTC deposit hits Binance since the Luna collapse – over $500M 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.
Analyst 
Research Analyst at CryptoSlate
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
More about Bitcoin