Key Takeaways
- Two newly created wallets withdrew 1,600 Bitcoin from Binance.
- Bitcoin surged past $90,000 on Sunday but later cooled to $87,600.
Two newly created wallets pulled 1,600 Bitcoin valued at approximately $144 million from Binance over the past eight hours. The withdrawals were flagged by the on-chain analytics team at Lookonchain.
Large-scale Bitcoin movements from exchanges to private wallets are typically interpreted as accumulation by major holders known as whales. Such withdrawals often signal reduced selling pressure and long-term holding intent among major market participants.
Bitcoin climbed above $90,000 late Sunday before easing back to around $87,600 ahead of the US market open on Monday, according to CoinGecko.
Source: https://cryptobriefing.com/whales-withdraw-1600-bitcoin-from-binance/
