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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. 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{"id":508834,"date":"2022-11-16T19:00:29","date_gmt":"2022-11-16T19:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=508834"},"modified":"2022-11-16T16:22:57","modified_gmt":"2022-11-16T16:22:57","slug":"xrp-whale-withdraws-134m-binance-bullish-signal","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-whale-withdraws-134m-binance-bullish-signal\/","title":{"rendered":"XRP Whale Withdraws Massive $135M From Binance, Bullish Signal?"},"content":{"rendered":"

Data shows an XRP whale has made a massive withdrawal of $134 million from Binance, something that could prove to be bullish for the price of the crypto.<\/p>\n

Whale Transfers $135 Million In XRP Out Of Crypto Exchange Binance<\/h2>\n

As per data from the crypto transaction tracker service Whale Alert<\/a>, a huge XRP transfer was spotted earlier in the day.<\/p>\n

The transaction amounted to a total of 350,000,000 XRP, and was worth around $134.8 million at the time of the transfer. At the current exchange rate, this stack of coins converts to about $130 million.<\/p>\n

Such massive transactions usually belong to either a single whale<\/a>, or an entity made up of multiple investors.<\/p>\n

So, why was this large transfer done? Here’s some additional details about the transfer that may be revealing about the intent behind the transaction:<\/p>\n

$\"XRP$ <\/p>\n

The complete details of the massive 350k coins transfer | Source: Whale Alert<\/a><\/pre>\n

As you can see above, the sender address in this case was a wallet belonging to the crypto exchange Binance<\/a>.<\/p>\n

The destination of the transfer was an unknown wallet. Such wallets are likely to be personal addresses, or at the very least aren’t part of any central exchange or other crypto platform.<\/p>\n

This transaction is an example of an “exchange outflow<\/a>,” since the XRP exited the exchange supply here. Similarly, the opposite type of transfer is called an “exchange inflow”<\/p>\n

Generally, large inflows from whales are bearish for the price of the crypto since investors usually deposit to exchanges for selling purposes.<\/p>\n