Wednesday, October 5, 2022
HomeCrypto NewsMarketSomeone Just Transferred 4000 Bitcoin to Crypto Exchange Gemini

Someone Just Transferred 4000 Bitcoin to Crypto Exchange Gemini

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Whale Alert: Someone Just Transferred 4000 BTC to Crypto Exchange Gemini.


Bitcoin has been trading within the $23,000 level over the past few weeks after another unsuccessful attempt to break above it. Recent data showed an uptick in BTC transfers as 61,179 Bitcoins were added from cold wallets to centralized exchanges in the past 30 days, indicating that the price might take a while to break out. 

Someone Transferred 4000 BTC to Gemini

Earlier today, a high-net-worth crypto trader moved thousands of Bitcoin (BTC) to Gemini, one of the leading cryptocurrency exchanges in the industry. 

According to Whale Alert, 4000 BTC worth $95,000 was moved from an unknown wallet to the crypto trading platform. 

Since May, the crypto industry has experienced massive sell-offs due to the recent market slump that hit the entire global financial market, hitting investors with enormous losses. 

The current market conditions spurred by the catastrophic collapse of Terra (LUNA) blockchain in May have caused adverse negative chain reactions in the industry, with most of the top companies in the space, like Three Arrows Capital (3AC) and Voyager Digital going bankrupt and suspending its services. 

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Mark Brennan
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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