Bitcoin selling pressure is mounting as Coinbase receives 13,003 BTC from an anonymous whale in the last 3 hours

In the past three hours, an anonymous crypto whale transferred a staggering 13,003 BTC to Coinbase – the largest US-based crypto exchange that Whale Alert found.

13.003 #BTC ($ 408,868,713) from an unknown wallet. transferred #Coinbasehttps://t.co/XdemtJP6af

– Whale alert (@whale_alert) July 17, 2021

This transaction had to pay a fee of 0.00011508 BTC – the equivalent of $ 3.6 – a “huge” number that no bank can accept to provide the service, let alone the speed rivaling without a bank can.

Previously this week 14,550 BTC were transferred from whales to Binance and 4,518,409 BTC of that in just one hour. The CEO of the analysis company CryptoQuant believes that the selling pressure on King Coin is very strong right now.

Bitcoin is trading at $ 31,386 at press time, after falling out of the $ 32,500 range earlier this week.

On Friday, the price of BTC rebounded slightly after it was revealed that the United States Central Bank has approved Bitcoin futures trading for some of its clients and will also trade BTC futures contracts issued by the CME.Group. An official confirmation by the BoA is not yet available.

Annie

According to U.today

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