If I had imaginary digitokens currently valued at over 30k each I’d be in a rush to cash that shit out too
Do you cash it out by removing it from the exchange?
disclaimer: I’m retarded so take my words with a grain of salt. If the bitcoins were not “cashed out” and converted back into fiat currency on the exchange, then the account holders simply withdrew it to a private coin wallet..(which is possible since public crypto exchanges are NOT a safe place to keep our life savings)... But judging from the title of this post it does not seem as if they are merry being transferred to another exchange. It seems as if they’re being removed for cold wallet storage or cashing out completely....
Yep, cold storage is the likely destination. Most of the buying is being done by institutions, in massive quantities. The same institutions that called Bitcoin a scam for a decade.
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