Martinez summarized this data by saying that over the past week, large whales have withdrawn a total of 40,000 BTC, which is equal to a whopping $3.28 billion.
Last week, the world’s flagship cryptocurrency, Bitcoin, surpassed the $75,000, then soaring to the $77,252 price mark. Today, BTC skyrocketed to $82,490. Over the weekend, BTC soared by 6.2%, jumping from $77,320 to a new historic peak above $82,000. At the time of this writing, the pioneer cryptocurrency is changing hands at $82,355.
The Bitcoin rally has recently been fueled by the radical change in the U.S. government, as well as by the 25-basis-points interest rate cut initiated by the Fed Reserve.
CZ warned the crypto community that they should “control their greed.” There will be many highs and dips for Bitcoin in the future, he tweeted, stressing the necessity to “apply proper risk management.” The influencer also recommended not putting all of one’s eggs in one basket.
The legal team of the current FTX management seeks to retrieve $1.8 billion, which was allegedly transferred to Binance by Sam Bankman-Fried, the former FTX boss who is now serving a 25-year prison sentence. The money was transferred as part of a July 2021 share repurchase deal.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
