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According to the “Lookonchain” platform’s blockchain transaction data tracking, newly created wallets have withdrawn 1,600 Bitcoins from the Binance platform in the past few hours, worth approximately $144 million.
Large withdrawals from platforms to private wallets are often interpreted as accumulation by whales, which may indicate declining selling pressure and a long-term holding trend.
According to “CoinGecko”, the price of Bitcoin rose to over $90,000 on Sunday night before falling to around $87,600 before the U.S. market opened on Monday.
Also read:
Binance to strengthen controls on digital currency derivatives in 2025
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