Crypto Whale Dumped $46 Million BTC As Geopolitical Tensions Rise: What Is Going On?
Posted On October 2, 2024
On-chain analytics provider Spot On Chain highlighted a Bitcoin (CRYPTO: BTC) whale’s activity as the apex crypto is trying to hold on to the $62,000 mark.
What Happened: The platform reported that the Bitcoin whale deposited on a centralized exchange as the market dropped amid escalating geopolitical tensions The whale had reportedly accumulated a net 3,933 BTC (worth $234 million) from Binance between Aug. 29 and Sep. 15.
The whale then moved 750 BTC, valued at $46.3 million, back to Binance at a rate of $61,751 per BTC, today before the Bitcoin price dropped by about 3%.
The whale still holds 9,736 BTC, worth $601 million. The same wallet was observed in July when …
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