Bitcoin investors from SEC spot Bitcoin ETF While focusing on its decision, BTC experienced a sharp decline with the negative news today.
at this point lookonchain said a whale sent 182 million USDT to leading cryptocurrency exchanges Coinbase and Kraken.
Lookonchain also said that this whale Tether has received 2 billion USDT from its treasury since October 20 and these USDTs BinanceHe stated that he deposited it to .
Lookonchain with times when whale transfers USDT to exchanges BTC He also added a chart comparing the price.
Looking at the chart, it can be seen that there was a significant increase in the Bitcoin price after the whale’s USDT transfers to the exchanges.
“This giant whale took 182 million USDT from the Tether Treasury again today and deposited it in the exchanges.
“Whale has received a total of 2 billion USDT from the Tether Treasury since October 20 and deposited it to Binance!”
At this point, it comes to mind that after the whale’s last USDT transfer, BTC The question arises whether the price will increase.
Although BTC experienced a sharp decline during the day, it tends to recover again. Especially as long positions worth more than $500 million were liquidated, some experts say that this is a correction before the sharp rise.
As a result, do not make your investment decisions based on a single data or signal. These data are helpful data that have a margin of error and have never been proven to be 100% accurate.
*This is not investment advice.
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