Celsius Sends $500M of Bitcoin Derivative to Crypto Exchange After Debt Payoff
— Celsius might sell, Press time, Wbtc traded closely, Tandem, Crypto, 500m, Celsius, Sends, Last 24 hours, Liquid — 1 min read
At press time, WBTC traded closely in tandem with bitcoin, changing hands at $21,600, up 6% in the last 24 hours. The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened. WBTC is currently trading at $20,000, 6% up in the past 24 hours, according to the exchange's market data. The market data indicates that the move may have already taken place, but it is not yet clear if it has already happened, though market data shows that it has happened so far. Bitcoin is now trading at a close of $23,500, up 7% in a week, compared to $28,000. Source