According to CryptoQuant data, the cryptocurrency exchange Binance once again faced a huge fund outflow of 38,246 Bitcoins (BTC). In addition to the stock market, which experienced a significant decrease in its Bitcoin balance, these exits are thought to be made naturally by investors.
Whose wallet are Bitcoins (BTC) going to?
As we reported , Binance. The US faced a major error called “slippage”, which is the difference between the expected price of a transaction and its spot price. When the order book in the market is too weak and the stock market is not able to provide sufficient liquidity, the volatility on the asset tends to falter, leading to a large drop in value.
Binance due to error. In the US, the Bitcoin price dropped to $8,000 and many buy orders were executed on the way. Binance. Data from the US shows that more than 594 BTC changed hands during the crash.
On the other hand, with Bitcoin breaking the previous all-time high of around $64,000 and trading volume holding steady, some think that traders and investors want to keep their funds in their wallets. Looking at the volumes, there is no significant selling pressure on the central exchanges, with the series of abnormal trading activities. Bitcoin price is changing hands at $63,244, up 2.7 percent at the time of writing.