$226 Million Bitcoin Exit Binance and Kraken in 3 Hours, What’s Happening?

Published 05/15/2025, 12:04 PM

Updated 05/15/2025, 06:30 PM

U.Today reports that a significant Bitcoin whale has made a notable move, potentially indicating a bullish trend for Bitcoin (BTC). The whale withdrew 2,218 BTC, worth around $226.75 million, from two exchanges—1,038 BTC from Binance and 1,180 BTC from Kraken—transferring them to the same wallet. This activity suggests that the whale is not looking to sell currently and prefers to hold the assets, which is generally seen as a bullish sign.

The wallet in question holds 18,330 BTC, valued at approximately $1.88 billion, and has shown consistent inflows from various exchanges over the months, hinting at a possible institutional connection. As the market observes these whale actions, it may help alleviate selling pressure that Bitcoin has been facing at the $105,000 resistance level.