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Galaxy Digital Moved or Sold About 700 Bitcoin, CryptoQuant Analyst Says

According to CryptoQuant (on-chain market data platform) analyst Maartunn, the latest transfer followed an earlier movement of more than 1,346 Bitcoin on March 17, bringing recent cumulative outflows above 2,000 Bitcoin.

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Terms & Concepts
  • CryptoQuant: An on-chain market data platform that tracks blockchain activity and provides analytics on cryptocurrency movements.
  • Bitcoin outflows: Transfers of Bitcoin leaving a wallet or entity, often monitored to assess potential selling activity or asset repositioning.
  • On-chain analysis: The study of blockchain transaction data to track fund movements, wallet behavior, and market signals.