$280M inflows to 4 crypto exchanges with bullish expectations

As Bitcoin rose above $66,000 this morning, the crypto world’s bullish expectations are also increasing. USDT worth $280 million was sent to 4 major exchanges from 3 major addresses, one of which was the market maker company Cumberland.

$280M inflows to 4 crypto exchanges with bullish expectations

With Donald Trump’s confident march to the presidency and the Fed’s possible interest rate cuts getting closer and closer, expectations for an increase in risky assets have started to increase. While Bitcoin was also fed by these expectations, it managed to exceed $66,000 this morning.

The increase in expectations also mobilised the big accounts in the cryptocurrency world. Today, a total of 278.7 million USDT was sent from 3 big whales to 4 exchanges.

Fixed coins, known as the liquid assets of the crypto world, are usually sent to exchanges for purchase.

According to information provided by Lookonchain; market maker company Cumberland sent $80 million from the Tether Treasury to Kraken, Coinbase and OKX exchanges.

Apart from Cumberland, there were also transfers to exchanges from two unknown large whale addresses.

The TQef1n…k32t account withdrew $111.7 million from the Tether Treasury to the Kraken exchange,

The TQjqZ5…42m8 account also sent the $87 million it withdrew from the Tether Treasury to the Binance exchange.

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