Fast Take
Nov. 2, 2023, carved its place within the crypto-annals because the day witnessing the seventh-largest influx into exchanges for the yr, a big second primarily pushed by transactions exceeding $10 million, sometimes labeled as ‘whale exercise.’ Throughout this monetary maelstrom, over $300 million entered the trade market, equal to an inflow of greater than 7,000 BTC.
This record-breaking motion was predominantly channeled by means of Bitfinex, marking it because the fourth substantial inflow inside this yr alone. The three different important inflows transpired following the SVB collapse in March. It’s evident that these ‘whale’ actions had been geared in the direction of capitalizing on earnings. The same pattern could reoccur, on condition that Bitcoin has seen a 25% appreciation over the previous month.
The submit $300 million value of Bitcoin moved in a single day by means of Bitfinex appeared first on CryptoSlate.
