- It has been confirmed that 3001 Bitcoins (BTC) were deposited to Bithumb.
- This amounts to approximately 425.3 billion KRW, which is a significant sum.
- Large deposits can increase selling pressure and heighten short-term volatility.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
3001 Bitcoins (BTC) have been deposited to Bithumb.
According to the crypto asset (cryptocurrency) analysis firm CryptoQuant's alert, at around 18:57 on the 24th, 3001.22 BTC were deposited to Bithumb. This amounts to approximately 425.3 billion KRW. Earlier that day, Bithumb had transferred 16,096 BTC through a transaction presumed to be an internal wallet movement.
Typically, large deposits to an exchange can lead to an increase in selling pressure, which may cause short-term volatility.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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