CandleFocus Stunning $3.28 Billion in Bitcoin in Past 7 Days – Something's Cooking?
2024-11-11
Author: Content Editor
Bitcoin whales have been withdrawing massive amounts of BTC from exchanges, resulting in a cumulative stash of over $3 billion worth of Bitcoin. In the past week alone, whales have withdrawn 40,000 BTC, equivalent to $3.28 billion. The recent surge in Bitcoin's price, reaching a new all-time high of $82,355, has been fueled by changes in the US government and an interest rate cut by the Federal Reserve. However, Changpeng Zhao, the founder of Binance, warned the crypto community to be cautious and practice proper risk management. Bloomberg reported that FTX exchange has filed a lawsuit against Binance and Zhao Changpeng, seeking to recover $1.8 billion in fraudulently transferred funds.
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