CryptoQuant data reveals a massive Bitcoin deposit influx into spot exchanges. In just one hour, a staggering 7,938.09 BTC, valued at 1 Trillion KRW, was transferred. Where Did the Bitcoin Go? The majority of the Bitcoin was deposited into two Coinbase platforms: Coinbase Prime: Received the largest share, with 4,633 BTC (58%). Coinbase Advanced: Followed with a substantial 3,098 BTC (39%). * Gemini: Accounted for the remaining portion, receiving 201 BTC (2%). Implications for the Bitcoin Market Such a large Bitcoin deposit into exchanges often suggests potential selling pressure. Traders might be moving their BTC to exchanges to take profits or prepare for potential market downturns. However, it's important to note that these deposits could also be for other purposes, such as margin trading or facilitating institutional investments. Further analysis and monitoring of market activity are crucial to understand the full implications of this significant Bitcoin movement. ```

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