Gold demand breaks into the crypto whale market as it hits a rare extreme last seen over a decade ago
Crypto whales are reaching for gold as Bitcoin stalls, but the trade may be less of a verdict on crypto than a hedge for a specific macro window. On Jan. 27, blockchain sleuth Lookonchain flagged three addresses that collectively withdrew about $14.33 million in tokenized gold from centralized exchanges, including Bybit, Gate, and MEXC.
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