Summary
- OnchainLens reported that an anonymous whale withdrew 1,345 Bitcoins from Binance.
- Large-scale Bitcoin withdrawals from exchanges are interpreted as a positive signal for price increases due to reduced tradable supply.
- As of 5:19 PM on the 2nd, Bitcoin was trading at $107,425 on the Binance USDT market, an increase of 0.45% compared to 24 hours earlier.
A large amount of Bitcoin (BTC) has been withdrawn from the global cryptocurrency exchange Binance.
On the 2nd (local time), OnchainLens announced on X (formerly Twitter) that “an anonymous whale has withdrawn 1,345 BTC from Binance in the past two hours,” adding that “this amounts to approximately $143,090,000.”
Typically, cryptocurrency withdrawals from exchanges are seen as a positive sign for price increases, as they reduce the supply of tradable assets.
As of 5:19 PM, Bitcoin is trading at $107,425 in the Binance USDT market, up 0.45% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
