Multiple large whales withdraw Bitcoin yesterday

Quick Take

• One of the largest Bitcoin withdrawals occurred yesterday, mainly from large whales.
• Roughly 10,000 Bitcoin were withdrawn as coins were pulled off certain exchanges, including Crypto.com, Binance, and Gate. IO.
• News came out yesterday of BlackRock’s filing for a spot ETF. This is one reason we may have seen demand from large whales as Bitcoin moved above $25,000.

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