Dormant Bitcoin Whale Springs Back To Life With $74M Binance Deposit
Portfolio Pulse from Mehab Qureshi
A Bitcoin whale, inactive for eight months, transferred $74.3 million worth of Bitcoin to Binance and still holds $597.55 million in Bitcoin. Grayscale reduced its Bitcoin holdings by $77.34 million, now holding $21.9 billion, while BlackRock increased its holdings by $138.16 million, now at $17.38 billion. BTC's price is slightly up at $69,807.
April 08, 2024 | 10:38 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
A significant transaction by a dormant Bitcoin whale and adjustments in holdings by major firms like Grayscale and BlackRock indicate active market movements.
The transfer of a large amount of Bitcoin to Binance by a previously inactive whale, along with Grayscale's reduction and BlackRock's increase in Bitcoin holdings, suggests significant market activity. These movements could influence investor sentiment and potentially impact Bitcoin's price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100