Bitcoin Whales Pull $221 Million in BTC From World’s Biggest Exchange By U.Today
U.Today – Binance, the world’s largest cryptocurrency exchange, has seen a big change as three new wallets have withdrawn 2,173 BTC worth about $221.6 million, according to Lookonchain. the amount of money involved and the timing of transactions attracted the attention of market participants.
In the cryptocurrency world, large withdrawals from centralized exchanges are seen by most as investors buying coins. Whales often move their holdings to private wallets as part of a long-term strategy, so transfers like the latter are a good sign that whales are holding on to their crypto because it means they probably aren’t going to sell any time soon.
This comes at the same time that BTC (BTH) is hitting six figures again at its current price of $101,500, up 8.4% from $92,888 since the beginning of January. This is 6.87% below its all-time high of $108,353.
Binance is a big deal there as well, and because of its size and liquidity, it’s an important platform to follow these moves in. When the big investors start pulling in assets, it gives us an idea of ​​what they’re focusing on and what their strategies are.
It’s important to keep an eye on these points to see how they move, especially as Bitcoin continues to show its strength as a top digital asset near its all-time high.
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