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Bitcoin Dips 11% As Whales Move Large Volume of BTC to Exchanges

July 2, 2021
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Bitcoin Dips 11% As Whales Move Large Volume of BTC to Exchanges
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As Bitcoin neared its all-time high, the leading digital asset declined by 11% on the 26th of November, after hitting $19,500. Cointelegraph that BTC hit $17,250 lows. At press time, however, Bitcoin has dropped further by 12.38% to $16,832.58. 

Before the loss, data obtained from TradingView revealed that BTC experienced significant volatility overnight on the 25th of November. 

Notably, the price dip is happening at a time when whales are moving BTC to different exchanges, ahead of BTC’s new high milestone. The CEO of CryptoQuant said:

saidtweetImage Credits: Pixabay

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