Multiple large whales withdrew Bitcoin yesterday
Bitcoin withdrawals could potentially be due to the BlackRock ETF news
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
- One of the largest Bitcoin withdrawals occurred yesterday, mainly from large whales.
- Roughly 10,000 Bitcoin were withdrawn as coins were pulled off certain exchanges, including Crypto.com, Binance, and Gate. IO.
- News came out yesterday of BlackRock's filing for a spot ETF. This is one reason we may have seen demand from large whales as Bitcoin moved above $25,000.




