$BTC #BinanceSquareTalks

Another spike in tension 😱😱😱

Bitcoin 'whale' transferred to exchanges

BTC worth $1.1 billion

Transactions began on July 15, when the 'whale' of the Satoshi era transferred 40,000 BTC worth $4.6 billion to Galaxy Digital for the first time since 2011. Then on July 18, he conducted a second transaction of another 40,000 coins.

Since then, Galaxy Digital has transferred over 10,000 BTC worth about $1.18 billion to major cryptocurrency exchanges,

including Binance, Bybit, Bitstamp, Coinbase (NASDAQ:COIN), and OKX. This was reported by analysts from the blockchain platform Lookonchain.

The multi-billion dollar transfers by the 'whale' combined with new auditing requirements introduced by recently passed crypto laws in the US have raised concerns among experts about a potential correction in Bitcoin.