Bitcoin: Binance Moves 76,177 BTC – Are We Facing a Major Sell-Off
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- Interest in BTC in open trading has also dropped by 3% in the last 24 hours, reflecting lower investor interest or fear factor.
- About $192 million in long positions would be liquidated if BTC drops to $61,670.
On August 27, Binance, the largest cryptocurrency exchange by volume, was found to be making some internal changes.
A report claims that the Binance Bitcoin cold wallet containing 75,177 Bitcoin is inaccessible. [BTC]transferred an important 30,000 BTC to its hot wallet and the remaining 45,177 BTC to another wallet address…
Binance transfers 75,177 BTC
Binance has not yet disclosed the reason behind this notable BTC transfer as of press time. This transfer was made in response to the money laundering scandal Binance and its management are currently facing…price action chart for Bitcoin shows a potential move towards higher prices if it reverses from critical support at $61,...intraday volatility is expected given heightened investor interest amid recent market activity.near-term based on historical price trends and key liquidation levels for overleveraged traders. Nearly $192 million in long positions would be liquidated if sentiment remained bearish and the market price fell to $61,...Alternatively,... If sentiment changed and the price rose... More details can be found here.
