What happened: An anonymous cryptocurrency wallet holding $205,455,616 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as:
3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS
You can view more details about the transaction here.
Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds …
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