Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?
Cointelegraph
Published Jan 09, 2021 10:16AM ET
Updated Jan 09, 2021 12:00PM ET
Bitcoin (BTC) whales in South Korea have been selling heavily across major exchanges throughout the past week. Data shows that multiple $100 million deposits to Bithumb have been spotted in the last three days alone.
By volume, South Korea has a much smaller cryptocurrency exchange market compared to the United States. Yet, South Korea’s cryptocurrency exchanges have seen massive inflows that are comparable with other major markets.
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Written By: Cointelegraph
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