Significant movements for #BTC $BTC
BTCUSDT
Perp
66,282.9
-0.83%
are making the rounds: 2,000 BTC worth around $141.8 million has been moved from Binance to an unknown address.
However, another large movement has been observed: 728 BTC worth around $51.6 million has been moved from Coinbase Institutional.
What this might mean: When large movements are observed from exchanges, traders take this as a cue. This might mean the whales are positioning themselves for the upcoming volatility.