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57,000 Bitcoin Left Crypto Exchanges In 24 Hours Showing Bullish Sentiments Along With 465,000 Bitcoins Transferred Between Coinbase And Unknown Wallets

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BTC saw the largest outflow of funds in one day from crypto exchanges. Nearly 57,000 bitcoins were left crypto exchanges. 



After a prolonged bearish period of two months, the large BTC movement from exchanges indicates that market sentiment is turning bullish.

Bybt and CryptoQuant shared data that showed the highest one-day outflow in at least a year. In 24 hours, 57,000 BTC left exchanges.

btc transfered in 24 hours

Unknown Wallets and Coinbase transferred more than 465,000 bitcoins.

Coinbase and anonymous wallets have transferred approximately half a million bitcoins in the past 24 hours.

Whale Alert, a blockchain tracker, detected almost 50 transactions in a total amount of 465,000 bitcoins. This is equivalent to a staggering $18,615,810,000.

Transactions were conducted between anonymous crypto wallets and the largest American digital exchange Coinbase that attended four of these transactions.

image 1 btc transfer

image 2 btc transfer

Image Source: Whale Alert





Whale Alert spotted almost 50 bitcoin transfers in succession, with each transaction holding an average of 9,000 to 9,900 BTC.

Analysts believe these transactions were done between anonymous wallets that could have been crypto whales or exchanges. The largest transaction involved more than 10,000 BTC.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Bernnan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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