The cryptocurrency market is facing significant turbulence as large investors, known as crypto whales, transfer substantial amounts into centralized exchanges. This move is interpreted as a sign of impending market volatility.
According to Coinglass data, liquidations have surged dramatically to $1.65 billion within just 24 hours. This sharp rise in liquidations suggests that recent economic developments, such as an increase in U.S. bond yields, might be contributing to these market disruptions.
The movement of crypto whales to centralized exchanges often signals a potential downturn, as these investors may be preparing to sell off their holdings amid uncertain market conditions.
