Gate News bot message, a Bitcoin OG holder (10/11) has sold approximately 60% of their BTC holdings. Seven newly created wallets withdrew $464.48M USDT from centralized exchanges after the OG deposited 11,318 BTC ($760.61M) into CEX. According to Onchain Lens, the holder made deposits in batches, with the latest being 6,318 BTC worth $424.86M. Around $296M worth of BTC remains on CEX and further withdrawals are expected.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor Signals New Bitcoin Buy Amid Market Weakness
Michael Saylor hinted at another Bitcoin purchase by Strategy after its 100th acquisition amidst a downturn in Bitcoin's price. The company raised its STRC stock dividend as it continues its long-term Bitcoin accumulation strategy.
TheNewsCrypto14m ago
Data: If BTC breaks through $69,504, the total liquidation strength of mainstream CEX short positions will reach $1.251 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,504, the total liquidation strength of long positions on major CEXs will reach $1.251 billion. Conversely, if BTC drops below $62,934, the total liquidation strength of short positions on major CEXs will reach $1.193 billion.
GateNews27m ago
Steak ’n Shake Rolls Out $0.21 Hourly Bitcoin Bonus
Steak ’n Shake has introduced a Bitcoin bonus of $0.21 per hour for all hourly employees, supplementing their wages without replacement. The initiative aims to attract skilled workers and promote digital asset engagement. Participation is optional, allowing employees to manage their earnings as they choose.
CryptoFrontNews37m ago
Strait of Hormuz Tensions Push Up Oil Prices, Bitcoin Faces Liquidity Tests from All Sides
As the Middle East situation intensifies, the Strait of Hormuz has become a focal point for oil supply, disrupting tanker transportation. The expected range for crude oil price fluctuations is $70 to $150. Rising oil prices could impact the Bitcoin market, leading to liquidity tightening and increased deleveraging risks. Over the next four weeks, Bitcoin's performance will be influenced by the situation in the Strait of Hormuz. If the situation eases, the market may regain risk appetite.
GateNews51m ago
Bitcoin's decline has yet to reach the pain point; March may present a strategic accumulation opportunity
Bitcoin fell nearly 15% in February, and the market expects a rebound in March, but analysts warn that current losses are not at their maximum, and prices still have room to decline. Bitcoin's Sharpe ratio is near the bottom, and it may continue to fall to $48,000-$52,000. The unrealized loss rate is as high as 39%, and the historical bottom has not yet arrived. Geopolitical tensions increase market uncertainty, and investors should proceed cautiously. March may be a key window for a phased bottom.
GateNews52m ago
BitMart Market Report: Altcoin Activity Shows Clear Segmentation, Mainstream Assets Still Dominate Overall Volatility
Odaily Planet Daily reported that according to BitMart's March 2 market analysis, the total market capitalization of the crypto market is approximately $2.82 trillion, with a 24-hour change of about -1.78%, and the market trading volume is around $133.7 billion. Structurally, Bitcoin's market share is about 58.7%, and Ethereum's market share is about 8.8%. Mainstream assets still dominate overall fluctuations; altcoins show significant activity divergence, and short-term trading sentiment has cooled compared to the previous day. The current market is more influenced by macro expectations and capital flows. It is recommended to pay attention to position management and liquidity changes.
GateNews54m ago
