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Crypto

Bitcoin Whales Move $99M Off Exchanges in Low-Volatility Market

Guavy AI Editorial Team
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BTC
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Four new wallets, created just before the transactions, withdrew $99.4 million in Bitcoin from Galaxy Digital and BitGo over the past three hours.

The funds were moved to private custody, reducing the liquid supply available for trading on exchanges.

This type of transfer is often seen as a sign that investors intend to hold their assets long-term rather than sell them on the open market.

Galaxy Digital and BitGo are major players in the digital asset custody space, providing institutional-grade storage solutions.

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