Ripple's victory in the SEC lawsuit brought a rise to Bitcoin and altcoins, especially XRP.
With this rise, BTC, which rose above $ 31,500, fell below $ 30,000 with the subsequent decline.
At this point, while the struggle for $ 30,000 continues in Bitcoin, the FED's interest rate decision on July 26 is expected.
Lookonchain warned investors in his post as investors wondered if there would be more drops in BTC.
Stating that a whale deposited 4,451 Bitcoins on Binance, Lookonchain said that this whale deposited 5,000 BTC on Binance on January 30, and after this transaction, Bitcoin fell by 4.2%.
“A whale deposited 4,451 Bitcoins ($133.7 million worth) on Binance about an hour ago.
This whale has previously deposited 5,000 Bitcoin (worth $118 million) on Binance on January 30. After this transaction, the BTC price dropped by about 4.2%.”
A whale deposited 4,451 $BTC ($133.7M) to #Binance an hour ago.
The last time the whale deposited a large amount of $BTC(5,000 $BTC, worth $118M) to #Binance was on Jan 30, and the price of $BTC dropped by ~4.2% after depositing. pic.twitter.com/v5YzDKXYIC
— Lookonchain (@lookonchain) July 19, 2023
*Not investment advice.
