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Whales Move Over $1 Billion in BTC Moves in 12 Hours

  • Over $1.6 billion worth of BTC, equivalent to over 15,000 BTC, has been transferred across various wallets and exchanges within 12 hours, alarming the crypto community.
  • Significant transfers include large amounts of BTC moving between major exchanges like Binance, Kraken, Coinbase Institutional, Bitfinex, and Cumberland, as well as between unknown wallets.
  • Transfers to unknown wallets are seen as bullish signs of accumulation or cold storage, while movements to exchanges like Kraken and Coinbase can indicate potential selling pressure.
  • The shift of BTC to institutional platforms like Coinbase Institutional and Cumberland signifies increased institutional activity, likely related to high-volume OTC trades or fund rebalancing.

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