RATE Group | Bitcoin Whale Transfers Almost $25M in BTC from Binance to Gemini
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Bitcoin Whale Transfers Almost $25M in BTC from Binance to Gemini

16 Oct Bitcoin Whale Transfers Almost $25M in BTC from Binance to Gemini

Posted at 01:14h in Bitcoin News by

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A major player in the cryptocurrency space has just moved 3,000 BTC from Binance to Gemini. The reason for the transfer is still not clear.

It seems like yet another whale in the cryptocurrency market is again flaunting his or her money. A recent massive transfer was picked up by Whale Alert (@whale_alert) which notified the rest of the cryptocurrency community that 3,000 BTC ($25M) was being moved from Binance to Gemini.

There are a few possible catalysts for such a major move, but it seems most likely that someone is cashing out some BTC on Gemini through an OTC sale. Interestingly enough, the move came just a few hours after Bitcoin rebounded from the $8,280 price point to $8,380 or so.

Major whales have been making moves in the past few days. As BeInCrypto has reported on this past week, just two days ago one whale moved 1,000 BTC to…

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