The giant market maker made $175 million worth of purchases as the Bitcoin (BTC) price reached $69,000.
Reported by on-chain analysis platform Lookonchain to data According to the giant cryptocurrency market maker Cumberlandcould not remain indifferent to the rise in prices and took action.
A wallet with Cumberland connections, 4 March from the treasury of stablecoin issuer Tether. 175 million USDT took. Then all of this USDT is transferred to cryptocurrency exchanges OKX, kraken And to Coinbase transferred.
Cumberland From October 20, 2023 Since then, we have entered the cryptocurrency market indirectly and directly. 3.22 billion USDT injected. The fact that the giant market maker is still adding dollars to the stock exchanges, regardless of the rise in prices, has been interpreted as meaning that it will continue its purchases.
According to CoinGecko data, in the last 24 hours 2.3% increase Bitcoin exhibiting, at the time of writing from $66,253 is being traded.