As per Bijié Wǎng, a major Bitcoin transaction involving 7,441 BTC (over $840 million) was withdrawn from Coinbase in a single transfer, according to blockchain tracker Whale Alert. The move, noted amid a period of negative price trends and heavy selling, has sparked speculation about a major accumulation by whales. The withdrawal has raised expectations of a potential market shift, with Bitcoin briefly surging above $113,000 in the following hours. As of the report, Bitcoin traded at $112,913, showing a slight intraday gain.
Over $840M in Bitcoin Withdrawn from Coinbase Amid Market Volatility
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.