On 29 June, Bitcoin failed to stay above the price level of $20,000 after a drop of almost 4% in its value. However, crypto whales have accelerated the exchange movements during the recent market correction. Whale Alert’s data shows that a leading Bitcoin address moved almost $158 million worth of BTC from Coinbase to Gemini.
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The transfer of 7,750 Bitcoin was executed on 29 June at 2:15 UTC. Approximately 20 minutes before the mentioned transfer, someone moved 4,619 BTC from an unknown wallet to Coinbase. Despite a dip in the overall supply of Bitcoin at exchanges, the latest crypto winter witnessed a boom in BTC exchange flows.
While Bitcoin has lost more than 70% of its value from the all-time highs in November 2021, the total number of BTC holders has jumped.
According to the recent data published by Glassnode,...
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