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Major Bitcoin Transfers to Binance: Total Value Exceeds $121 Million

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by Giorgi Kostiuk

4 hours ago

Recent data from blockchain tracker Whale Alert reports significant Bitcoin transfers to the largest cryptocurrency exchange, Binance.

Major Bitcoin Transfers to Binance

Whale Alert spotted two large Bitcoin transactions, one carrying 500 BTC and the other 640 BTC. Transactions were conducted from an anonymous wallet, totaling 1,140 BTC, equivalent to approximately $121 million.

Acquisitions by ProCap BTC and Michael Saylor's Commentary

Recently, investor Anthony Pompliano announced the launch of a new company, ProCap BTC, which acquired 3,724 Bitcoins worth about $396 million. Michael Saylor commented positively under Pompliano's post, stating, '₿3,724 is a strong start for ProCap BTC.'

Overall Increase in Bitcoin Interest

Amid these events, the Bitcoin price surged by 2.6%, surpassing $106,000. This may be indicative of increased activity from major investors looking to lock in profits as the price rises.

Recent large transactions and Bitcoin purchases highlight the growing interest in cryptocurrency amid a changing market.

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