Oct 9, 23:37 — a Binance hot wallet just took in 21.05 $BTC in a single transaction, roughly $1.74M. It's now sitting on 13,567 BTC.
I've learned not to treat exchange inflows as an automatic sell signal. Half the time it's an institution shuffling liquidity around, and the other half the actual selling shows up days later. What I do take seriously is the size — 21 BTC in one go isn't anyone's grocery money.
My move here is simple: watch the $BTC order book. Big exchange balances only matter when the tape starts agreeing with them.
Not financial advice.
#Bitcoin #BTC #WhaleAlert #OnChain
I've learned not to treat exchange inflows as an automatic sell signal. Half the time it's an institution shuffling liquidity around, and the other half the actual selling shows up days later. What I do take seriously is the size — 21 BTC in one go isn't anyone's grocery money.
My move here is simple: watch the $BTC order book. Big exchange balances only matter when the tape starts agreeing with them.
Not financial advice.
#Bitcoin #BTC #WhaleAlert #OnChain