List of Flash News about BTC exchange balances
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2025-06-04 05:22 |
Twenty One's Major Bitcoin Purchases Trigger Demand Shock on Bitfinex: Nearly 10% of Exchange Supply Acquired
According to @Andre_Dragosch, Twenty One's recent Bitcoin purchases on Bitfinex have removed nearly 10% of the exchange's total BTC balances, representing a significant demand shock rather than a supply shock. This large-scale acquisition has immediate trading implications, as such concentrated buying activity can drive up short-term volatility and potentially increase Bitcoin prices on exchanges with lower liquidity. Traders should monitor order book depth and liquidity on Bitfinex and other major exchanges, as reduced available supply may impact price discovery and trigger rapid price movements. Source: @Andre_Dragosch via Twitter, June 4, 2025. |