Whales withdraw 2,000 Bitcoin worth $220M from Binance in 2 hours
Crypto Briefing
Major Bitcoin holders withdrew 2,000 BTC, valued at $220 million, from Binance quickly, using new wallets.Summary
Large Bitcoin holders, known as whales, moved approximately 2,000 Bitcoin, valued at about $220 million, out of the Binance exchange within a two-hour period. On-chain data from Lookonchain indicated that these significant withdrawals were executed by newly created wallets, suggesting a growing trend where major holders are increasing their self-custody of digital assets. This activity aligns with recent patterns where whales have been accumulating Bitcoin by withdrawing it from centralized exchanges like Binance and OKX, particularly during market dips.
(Source：Crypto Briefing)