Whales withdraw 1,600 Bitcoin worth nearly $144M from Binance
Crypto Briefing
Two new wallets withdrew 1,600 Bitcoin, worth about $144 million, from Binance, signaling potential whale accumulation.Summary
Two newly created wallets withdrew a total of 1,600 Bitcoin, valued at approximately $144 million, from the Binance exchange within an eight-hour period. This large-scale movement of Bitcoin from an exchange to private wallets is generally interpreted by analysts as accumulation by major holders, or 'whales.' Such actions typically suggest reduced selling pressure in the market and an intent by these major participants to hold their assets long-term. The withdrawals occurred as Bitcoin's price experienced volatility, having briefly surpassed $90,000 on Sunday before settling near $87,600 on Monday.
(Source：Crypto Briefing)