😱🫨New transfer from the company that attracted $5 billion to the stock markets during the bull rally

Crypto trading company #Cumberland which published a report last year that it expected an increase in cryptocurrencies and largely kept the forecasts here, withdrew $ 20 million from the Tether Treasury. The company, which has not made any shots in the last 12 days, is known for moving more than $5 billion of USDT to the stock markets this bull season.

A remarkable transfer has come from Cumberland, a trading firm known for its transactions in cryptocurrencies. The company's wallets, which have not made any movements in the last 12 days, have made $ 20 million withdrawals from the Tether Treasury and sent them to the stock exchanges.

It seems that Cumberland has sent $ 10 million to the OKX exchange and the same amount of USDT to #Binance . Such companies usually send USDT, the most widely used stablecoin in crypto purchases, to exchanges to make new purchases.

they moved $ 5 billion

As it is known, the cryptocurrency world experienced noticeable increases, especially after November. Prices, which had been rising sharply until the day the SEC approved Bitcoin spot ETFs on January 10, continued their rally later, although they retreated briefly after the approval came.

During this period, the Cumberland company sent billions of dollars of USDT to the stock exchanges and made new purchases. The firm has made a total of $5.5 billion of USDT transfers to the stock exchanges since October 20, 2023.

#altcoins #BTC