Blockchain data analytics platform CryptoQuant has recorded a massive outflow of 38,246 BTC from Binance.
Contact us to be informed about the last minute developments. Twitter and Telegram you can follow our channel.
CryptoQuant has detected a major exit from leading crypto asset trading platform Binance. After this exit, the balance sheet of the stock market is estimated to be around 500,000 BTC.
Source: CryptoQuantBinance, the US arm of the platform, recently. In the US, the Bitcoin price snapped to $8,000 with a momentary error. This situation occurs when sufficient liquidity cannot be provided on the platform. In this case, the volatility of the asset increases exponentially, causing a huge drop in value.
On the other hand, some Bitcoin investors tend to move their BTC holdings to their own wallets as it sets a new record and transaction volumes remain stable.
