Multiple large whales withdrew Bitcoin yesterday

Bitcoin withdrawals could potentially be due to the BlackRock ETF news

James Van Straten
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James Van Straten
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.
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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  • Roughly 10,000 Bitcoin were withdrawn as coins were pulled off certain exchanges, including Crypto.com, Binance, and Gate.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.
Transfer Volume: (Source: Glassnode)
Transfer Volume: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst 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.

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Bitcoin BTC (24h)
$79,310.93 -1.37%
Market Cap $1.59T
24H Volume $33.17B