✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #13
Bitcoin Whale Moves $35M to Coinbase at $15M Loss
Original: Bitcoin Whale Sends $35M to Coinbase at a $15M Loss as October Turns Red: What Moves BTC Next?
A large Bitcoin holder transferred $35 million worth of BTC to Coinbase, crystallizing a reported $15 million loss, as October's price action turned negative for the cryptocurrency. The deposit to an exchange is often read as a potential sell signal, and traders are watching whether more whale selling follows or whether Bitcoin finds support and reverses its October slide.
Why now: Whale movements to exchanges are closely watched as potential sell signals during a downturn.
Evidence
- Bitcoin Whale Sends $35M to Coinbase at a $15M Loss as October Turns Red: What Moves BTC Next? · Yahoo Finance
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