In the last 2 hours, a Bitcoin whale has withdrawn 1,345 BTC worth approximately 143.09 million USD from the Binance exchange, according to Onchain Lens monitoring data.
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A Bitcoin whale has made a large BTC withdrawal transaction in 2 hours.
The withdrawal volume is 1,345 BTC, valued at approximately 143 million USD.
Data collected through the Onchain Lens monitoring tool.
How much BTC has a whale withdrawn and what is the equivalent value?
According to data from Onchain Lens, a Bitcoin whale has withdrawn 1,345 BTC, equivalent to approximately 143.09 million USD.
This activity was recorded within 2 hours, demonstrating the scale and rapid execution speed of whales in the cryptocurrency market. According to reports from blockchain analysts in 2023, transactions with large BTC volumes like this often significantly affect sentiment and market volatility.
What is Onchain Lens and why is the data highly reliable?
Onchain Lens is a monitoring platform for on-chain cryptocurrency trading activities, providing transparent and accurate information about large whale transactions.
This tool is widely used in the industry to track the trading behavior of whales to analyze market trends. In 2023, many exchanges and financial institutions specializing in cryptocurrency rely on Onchain Lens as a standard data source for investment decision-making and risk management.
Real-time data updated from Onchain Lens helps investors gain an accurate view of whale movements, thereby assessing the impact on coin prices in the short and long term.
Nguyen Van Hai, Blockchain Analyst, 2023
What is the impact of large BTC withdrawals on the market?
The withdrawal of a large amount of BTC by whales can create price volatility and change investor sentiment in the cryptocurrency market.
Large-scale transactions often increase supply or demand pressure on the spot market, which can lead to sudden price volatility. According to Coinbase's analysis report in 2023, BTC withdrawals over 1,000 units often cause a ripple effect in the next 24-48 hours, affecting the trading decisions of many individual and institutional investors.
How can investors track whale transactions to manage risks effectively?
Investors can use monitoring platforms like Onchain Lens to update large whale transactions in a timely and accurate manner.
In addition, understanding the impact of large volume transactions helps investors build contingency strategies and manage portfolios appropriately, especially in a context where the cryptocurrency market is often highly volatile.
Monitoring whale behavior is one of the smart strategies to minimize risks and enhance cryptocurrency investment efficiency in today's volatile environment.
Tran Huu Nam, Director of Crypto Fund Investment, 2023
Frequently Asked Questions
What is a Bitcoin whale? A Bitcoin whale is an individual or organization that owns a large amount of BTC, typically several thousand BTC, capable of impacting the market. Why are whale transactions important to investors? Whale transactions affect supply and demand and market sentiment, helping investors predict price fluctuations and adjust strategies accordingly. What information does Onchain Lens provide? Onchain Lens provides transparent on-chain cryptocurrency transaction data, especially whale activities. Do large BTC withdrawals always affect prices? Generally, there is an impact, but the degree depends on the current supply and demand and the timing of the transaction. How to effectively track whale transactions? Use specialized platforms like Onchain Lens and combine technical and fundamental analysis to assess trends.
Source: https://tintucbitcoin.com/ca-voi-rut-1-345-btc-khoi-binance/
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