Whale withdraws 800 Bitcoin from Bitfinex in 24 hours
Summary
A significant Bitcoin withdrawal occurred as a whale moved 800 BTC, valued near $71 million, off the Bitfinex exchange within 24 hours. This movement aligns with typical whale accumulation patterns, suggesting reduced immediate selling pressure and increased long-term confidence in Bitcoin's growth. Furthermore, this specific investor has been systematically accumulating, having acquired 1,000 BTC worth over $89 million in the preceding six days. This follows other large movements this week, including two new wallets withdrawing 1,600 BTC from Binance. At the time of reporting, Bitcoin was trading around $89,500, marking a 2% increase over the last 24 hours.
(Source:Crypto Briefing)