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43,000 BTC Moved From Huobi to Binance in a Span of Two Hours

Whale Alert reports the movement of 43,000 BTC from Huobi Wallet to Binance. Huobi reacts to the report by saying that it is just an internal flow of funds. Wu Blockchain tweets...
43,000 BTC Moved From Huobi to Binance in a Span of Two Hours © Reuters. 43,000 BTC Moved From Huobi to Binance in a Span of Two Hours
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  • Whale Alert reports the movement of 43,000 BTC from Huobi Wallet to Binance.
  • Huobi reacts to the report by saying that it is just an internal flow of funds.
  • Wu Blockchain tweets that this could be a flagging error by Whale Alert.

Whale Alert reports that 43,000 BTC were shifted from Huobi to Binance in the span of 2 hours. Huobi responds to the report by stating that it is an internal flow of funds, which is a normal withdrawal user behavior.

Wu Blockchain tweeted the report from Whale Alert, stating that it could be a whale alert flagging error.

A look at Whale Alert’s Twitter (NYSE:TWTR) page reveals that thousands of Bitcoin have been on the move from Huobi to unknown wallets. As the exchange tags this as normal behavior, it is unclear whether these are normal user movements or a pump and dump.

The whales are currently staying vigilant as the market is still in a prolonged slumping stage. As per the data from WhaleStats, in the last five days, Ethereum whales have sold 1.4 trillion Shiba Inu.

The market that was showing signs of a slight recovery took a U-turn after the CPI numbers were out. The market was bracing for a fall after the possibility of a full point interest hike was also expected by many in the last week.

However, to combat the soaring inflation, the Fed announced a 75-bps interest hike after the FOMC meeting. This is the third straight 75 bps hike in a row.

The markets were, however, slightly trading in the green after the announcement, but dropped back into the red. At the time of writing, BTC is trading at $18,932 and ETH is trading at $1,277. ETH had lost 4% in the last 24 hours.

The post 43,000 BTC Moved From Huobi to Binance in a Span of Two Hours appeared first on Coin Edition.

See original on CoinEdition

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29-09-2022 06:16:03 (UTC+7)

EUR/USD

0.9719

-0.0015 (-0.15%)

Summary

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Moving Avg:

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Sell (12)

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EUR/USD

0.9719

-0.0015 (-0.15%)

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GBP/USD

1.0856

-0.0032 (-0.29%)

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USD/JPY

144.32

+0.15 (+0.11%)

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AUD/USD

0.6511

-0.0010 (-0.16%)

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USD/CAD

1.3621

+0.0016 (+0.12%)

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140.26

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EUR/CHF

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18.860

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1,725.13

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160.72

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130.24

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    EUR/USD 0.9719 ↑ Sell  
    GBP/USD 1.0856 ↑ Sell  
    USD/JPY 144.32 ↑ Buy  
    AUD/USD 0.6511 Neutral  
    USD/CAD 1.3621 ↑ Buy  
    EUR/JPY 140.26 ↑ Buy  
    EUR/CHF 0.9496 ↑ Sell  
    Gold 1,665.90 ↑ Sell  
    Silver 18.860 Sell  
    Copper 3.3780 ↑ Sell  
    Crude Oil WTI 81.78 Neutral  
    Brent Oil 87.98 ↑ Buy  
    Natural Gas 6.998 ↑ Sell  
    US Coffee C 227.80 ↑ Sell  
    Euro Stoxx 50 3,335.30 Neutral  
    S&P 500 3,719.04 ↑ Sell  
    DAX 12,183.28 Neutral  
    FTSE 100 7,005.39 Neutral  
    Hang Seng 17,250.88 Buy  
    Small Cap 2000 1,725.13 ↑ Buy  
    IBEX 35 7,442.20 Neutral  
    BASF 39.415 ↑ Buy  
    Bayer 48.19 Neutral  
    Allianz 160.72 ↑ Buy  
    Adidas 130.24 ↑ Buy  
    Lufthansa 5.772 ↑ Buy  
    Siemens AG 99.46 ↑ Buy  
    Deutsche Bank AG 7.854 ↑ Sell  
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