Main navigation

$740 Million in Bitcoin Transferred to Huobi

Tue, 08/24/2021 - 09:44
article image
Arman Shirinyan
$740 million in Bitcoin have been transfered to Huobi exchange
$740 Million in Bitcoin Transferred to Huobi
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

More than $700 million in Bitcoin have been transferred to the Huobi exchange according to On Aug. 23, 15,000 BTC has been transferred to the exchange. According to the exchange, this is not an internal transaction between the exchange's wallets. The address belongs to some individual or organization.

Large exchange inflows usually indicate that private investors are looking forward to selling their holdings. Previously, U.Today reported that exchange inflows have increased with spending rates from 6-12-month-old Bitcoin wallets.

Current Bitcoin Bullish Trend Differs Highly from Previous One: Here's Why

Previously, the same wallet received 15,000 BTC on the same day of the exchange's transaction. According to the transaction history on the blockchain, the wallet has been spending received funds on the day it obtains them and not being used for long-term fundholding.

article image
About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.