Bitcoin (BTC) Approaches All-Time High, Investors Withdraw Funds from Binance!
Bitcoin is once again showing a positive trend with a weekly price increase of 10.4%, and is now trading at a price of $103,881. Over the past month, this asset has surged more than 24%, driven by increasing optimism in both the crypto and traditional markets.
Recent data from the QuickTake CryptoQuant platform shared by analyst Amr Taha shows that over 3,000 Bitcoin (BTC), worth approximately $312 million, were withdrawn from Binance on May 12. This marks one of the largest daily outflows in recent months.
This withdrawal coincides with important macroeconomic developments: a new trade deal between the United States and China, which also triggered a sharp rebound in the US equity markets, with the S&P 500 soaring more than 3%.