Galaxy Digital has transferred a massive 30 million USDT to Binance.
Bitcoin has dropped 2.56% in the past 24 hours, losing the $90,000 price level.
BTC is down more than 6% from its all-time high of $93,434.36.
Bitcoin fell below the $90,000 mark in the past 24 hours, dropping by 2.56%. Seemingly taking advantage of this dip, Galaxy Digital, the digital asset and blockchain firm, transferred 30 million USDT to Binance. This move implies a new position in BTC for the firm.
Arkham Intelligence reports that Galaxy Digital’s wallet transferred the stablecoins on Friday. Interestingly, on Thursday, the firm, led by Bitcoin proponent Michael Novogratz, withdrew 30 million USDT from Coinbase.
15 minutes ago, #Galaxy_Digital deposited 50M $USDT to #Binance.
7 hours before that, he also withdrew 30M $USDC from #Coinbase and deposited all into #Binance.
Address:https://t.co/QLrwY1ZjrH pic.twitter.com/LBIHzRSXXV
— The Data Nerd (@OnchainDataNerd) November 15, 2024
One X user noted that Binance lists more meme coins than Coinbase. The current market cycle features a surge in meme coins like Dogecoin (DOGE), Peanut the Squirrel (PNUT), Pepe (PEPE), Dogwifhat (WIF), …
The post Galaxy Digital Eyes BTC Dip? $30 Million Moved to Binance as Bitcoin Falls Below $90K appeared first on Coin Edition.
