$1.2M IN DEPOSITS — IS $BTW SELLING PRESSURE BUILDING?
A $10M $BTW transfer on Gate.io caught attention, but it wasn’t a whale selling. Gate moved 4.12M BTW from its hot wallet to cold storage.
The more interesting signal is what happened alongside it.
Over the past 14 hours, around 500K $BTW worth $1.2M flowed into Gate while the price climbed from $2.15 to $2.64. One address alone deposited roughly 370K tokens.
Exchange cold-wallet movements can be routine operations, but deposits from external wallets during a rally are worth tracking.
#BTW
A $10M $BTW transfer on Gate.io caught attention, but it wasn’t a whale selling. Gate moved 4.12M BTW from its hot wallet to cold storage.
The more interesting signal is what happened alongside it.
Over the past 14 hours, around 500K $BTW worth $1.2M flowed into Gate while the price climbed from $2.15 to $2.64. One address alone deposited roughly 370K tokens.
Exchange cold-wallet movements can be routine operations, but deposits from external wallets during a rally are worth tracking.
#BTW