ChainCatcher news has attracted market attention! According to Whale Alert monitoring, at around 20:55 Beijing time today, 1,194 bitcoins were transferred from the well-known exchange Coinbase to an unknown address, with a total value of up to 118 million US dollars. This large transfer has triggered market speculation about Bitcoin price fluctuations.
First, this transfer may reflect some expectations of the market trend by large investors, perhaps an advance layout for future price changes. Secondly, the transfer to an unknown address may mean that these bitcoins will temporarily withdraw from the trading market, which may have an impact on liquidity. Finally, investors should continue to pay attention to on-chain data in order to respond to market changes in a timely manner.