While the wider cryptography market is gaining profit, a significant whale movement has attracted market attention. According to the Lookonchain chain analysis platform, a cryptocurrency withdrawn from $ 1.5 billion tokens of dollars, worth almost $ 13.3 million, Binance a few hours ago.
The whale, whose portfolio would have $ 147 million in assets, has executed massive withdrawal while the cryptocurrency market has experienced slight sales. Pepe, a popular piece of memes based on the emblematic meme of Internet frog, was exchanged in the red, seeing slight losses in the last 24 hours.
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Although the reason behind the withdrawal remains uncertain, such important movements often trigger speculation on potential market strategies. Withdrawals generally point out the purchase, while deposits could involve the sale.
At the time of the press, Pepe fell 1.93% in the last 24 hours to 0.00000891.
The cryptography market faces the sale
The cryptography market experiences profits at the start of Wednesday’s session before key data versions, causing a wider market retreat which led to more than $ 238 million in liquidated posts.
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Nearly $ 238 million in negotiations on leverage derivatives on all cryptographic assets have occurred in the past 24 hours, the majority being long betting on higher prices, according to Corglass data.
Investors are waiting for a series of key economic data on Wednesday. Investors predict a lot of new economic data that will provide an overview of the health of the American economy in the midst of the fears of the recession.
In addition, the price of personal consumer expenditure index for March, the favored inflation gauge of the Federal Reserve, is due shortly after 10 a.m. he. Dow Jones economists see no gain in March and a defeat rate of 2.2%.
