$496.4M in BTC moved to spot exchanges over past hour: CryptoQuant

CryptoQuant reported via its Telegram channel, CryptoQuant Alert, that 4,812.45 BTC ($496.4 million) was suspiciously transferred to spot exchanges within an hour. Of this, 3,820 BTC (79%) was deposited to Mt. Gox, 825 BTC (17%) to Coinbase Advanced and 116 BTC (2%) to Bitstamp. CryptoQuant suggests that substantial deposits to exchanges offering custody solutions might originate from clients utilizing these custody services.