Glassnode: Whale entities withdrew 100,000 BTC from exchanges in the past two weeks
On February 1st, according to data from Glassnode, whale entities (holding at least 1000 BTC) withdrew approximately 100,000 BTC from exchanges in the past two weeks, marking an almost uninterrupted trend lasting for 14 days. These transactions only involve direct transfers from exchange wallets to whale entities. The increase in whale activity began around January 16th, shortly after Bitcoin experienced a single-day drop of 7.5%, the largest since the FTX crash in November 2022. It is worth noting that the number of these whale entities grew from 1513 to 1563 during this period, almost offsetting the decline in whale entity numbers in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qualcomm (QCOM.US) acquires robotics software company PickNik to strengthen its presence in the physical AI field
Qualcomm announced on Wednesday that it will acquire the robotics software company PickNik to enhance its presence in the field of physical AI and robotics.
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Four Mac Studio systems run trillion-parameter models, Apple challenges Nvidia's narrative on inference
Apple's hardware chief pointed out that after enterprises purchase devices outright, there is no need to pay by token, and the cost-effectiveness of local computing power might be superior to long-term rental of cloud GPUs. Goldman Sachs believes that if more inference tasks shift to end devices, Nvidia's share in incremental AI activity may fall short of market expectations. Currently, Nvidia's implied volatility is at its lowest since before the pandemic, and option pricing has almost no risk premium allocated for this narrative change. Therefore, Goldman Sachs recommends buying Nvidia put options and going long on Apple.
Canadian Prime Minister: US-Canada trade agreement is still possible, but Ottawa will not give up its right to deepen cooperation with the EU
Canadian Prime Minister Carney stated that while it remains possible to reach a trade agreement with the United States, Canada will not trade its sovereignty for any deal, particularly insisting on its right to independently sign trade agreements. Meanwhile, Carney is actively promoting deeper cooperation between Canada and the European Union, covering critical minerals, energy, scientific research, and student exchanges, aiming to reduce dependence on the US and defend national sovereignty. He emphasized that in an era when connectivity can be weaponized, diversified cooperation is a necessary choice for safeguarding sovereignty.
Crypto prices
More
