Exchanges Witness Surge in Bitcoin Deposits CryptoQuant's alarm system has detected a significant influx of Bitcoin into exchanges. Within a single hour, approximately 5,140.95 BTC, valued at 728.1 billion won, was deposited onto various platforms. The majority of these deposits were concentrated on two exchanges: Coinbase Prime (51%) and Coinbase Advanced (47%). A smaller amount (0%) was deposited on Bitstamp. It is worth noting that for exchanges offering custody services, such large deposits may represent funds being deposited by custody clients rather than individual traders. This sudden surge in exchange inflows could indicate heightened volatility or potential selling pressure in the Bitcoin market. Traders and investors are advised to monitor the situation closely and adjust their strategies accordingly.
728 Billion Won Worth of Bitcoin Flows into Exchanges in One Hour
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BTC
93,097.85
-2.81%
Respuestas 0