Largest single BTC deposit hits Binance since the Luna collapse – over $500M

Quick Take

• Over $500 million of Bitcoin got put back onto exchanges as Bitcoin broke through $24,000.
• This was the highest amount of sell pressure since May 22, during the Luna collapse.
• This selling pressure came from Binance, a whale transaction most likely selling into profits.
• This is roughly the equivalent of 20,000 Bitcoin.

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