Large $903 million in BTC transferred in 24 hours, sparking speculation about reasons behind.

From Investing.com

January 11, 2025
2:00:21 pm:

In the past 24 hours, $903 million worth of BTC was moved in various transactions, sparking speculation. Whale Alert spotted 10 high-value transactions involving Kraken, Binance, and Robinhood.

Transactions include moving BTC between unknown wallets and exchanges. The reasons behind these large transfers remain unknown.

BTC price down 0.83% to $94,507, below its all-time high of $108,268. Glassnode notes Long-Term Holders are still distributing, but at a slower rate. LTH supply in loss is at 0%, indicating most holders are still in profit.

In previous cycles, price continued to rise after LTH distribution peaked. Persistent losses among LTHs historically signaled the end of a cycle, but this is not the case currently.

Read more at Investing.com: $903 Million Bitcoin Transferred in 24 Hours; What’s Behind? By U.Today