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Coinbase's balance shrinks as two large Bitcoin transactions are spotted, totaling 16,000 BTC. Two transactions originating from Coinbase cold storage were detected Bybit suffered what could be the largest hack of any institutioncrypto exchange, bank, or otherwiseon Friday, with $1.4 billion worth of ETH and ETH derivatives Coinbase, Bybit See Big Bitcoin Transactions Totaling $120M 🚀🔥🔥Over $120 million worth of Bitcoin was transferred across major exchanges in a flurry of large transactions on Over 120 million worth of Bitcoin was transferred across major exchanges in a flurry of large transactions on Tuesday Blockchain tracker Whale Alert picked up 2 818 BTC Major exchanges, including Bybit, Binance, Coinbase, and KuCoin, accepted significant deposits of Worldcoin, Staked Ethereum, Mantra, Maker, Reserve Rights The Singaporean-based platform has surpassed Coinbase in trading volume, now trailing only Binance in the metric. Bybit currently has a trading volume of more than $3.6 billion, according Furthermore, Read: Coinbase, Bybit Executing Large Bitcoin Transactions Totaling $120M. Bybit Ascends to the Number Two Spot among Global Crypto Exchanges. Bybit has overtaken the

Coinbase, Bybit See Big Bitcoin Transactions Totaling $120M 🚀🔥🔥

Over $120 million worth of Bitcoin was transferred across major exchanges in a flurry of large transactions on Tuesday, with Coinbase and Bybit among the key players. Read: Coinbase, Bybit Executing Large Bitcoin Transactions Totaling $120M.

Coinbase's Balance Shifts Amidst Whale Activity

Coinbase's balance shrinks as two large Bitcoin transactions are spotted, totaling 16,000 BTC. Two transactions originating from Coinbase cold storage were detected by blockchain trackers. This flurry of activity suggests significant shifts in Bitcoin holdings.

Bybit Ascends: Riding the Wave of Bitcoin Trading

The Singaporean-based platform, Bybit, has surpassed Coinbase in trading volume, now trailing only Binance in the metric. Bybit currently has a trading volume of more than $3.6 billion, showcasing its growing influence in the crypto exchange landscape. Bybit has overtaken the position in global crypto exchange ranking, fueled by these large Bitcoin transactions.

Understanding the $120M Bitcoin Movement

Over 120 million worth of Bitcoin was transferred across major exchanges in a flurry of large transactions on Tuesday. Blockchain tracker Whale Alert picked up 2,818 BTC transactions. Major exchanges, including Bybit, Binance, Coinbase, and KuCoin, accepted significant deposits. While specific reasons behind these transfers remain speculative, they underscore the dynamic nature of the Bitcoin market.

Is a Bybit Hack the Real Story?

Recent speculation mentioned that Bybit suffered what could be the largest hack of any institution crypto exchange, bank, or otherwise. However, no official confirmation has been released and the large bitcoin tranactions may not indicate anything specific.

The Takeaway: Monitoring Large Bitcoin Transactions

Keep an eye on these significant Bitcoin movements between major exchanges like Coinbase and Bybit. These transactions can offer insights into market trends and potential price fluctuations. Understanding whale activity is crucial for navigating the volatile cryptocurrency market.

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