Whales Took Off $2 Billion Worth of BTC from Exchanges Last Week
According to an on-chain analytics website Glassnode, last week 108,200 BTC – which equals to more than $2 billion – was taken off major exchange platforms.
This massive amount of Bitcoin withdrawals could be a sign of a bullish wave coming up. Outflow is known to indicate increasing buying pressure. Consequently, if people are ready to buy such large amounts of crypto while it’s cheap, the currency is likely to blow up soon.
To make things even better, Binance.US plans to offer zero-fee Bitcoin transactions to its customers. The move is meant to attract new clients to the platform and will probably increase the number of BTC withdrawals.
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