From Investing.com
September 19, 2024 3:30:20 pm:

A massive withdrawal of over $500 million worth of Bitcoin has shocked top exchanges according to data from Whale Alert. Transfers included 2,999 BTC worth $187.64 million, followed by a transfer of 3,994 BTC worth nearly $250 million, and two withdrawals totaling 2,150 BTC worth $135.34 million from Kraken.

Large withdrawals from centralized exchanges are typically seen as a bullish sign in the crypto market, often conducted by big players looking to secure their holdings. The withdrawals from Huobi, Poloniex, and Kraken have caused speculation on the endgame, as these exchanges have different user bases and regions.

Despite the significant withdrawals, Bitcoin’s price hasn’t reacted unusually, continuing to climb past $63,000. If the bullish trend persists, resistance is expected around $67,500. The movements in the market and exchanges are closely monitored for any potential impact on Bitcoin’s price.

Read more at Investing.com: Massive $500 Million Bitcoin Exit Leaves Top Exchanges Stunned By U.Today