Whales withdraw 1,345 BTC from Binance in two hours

Major events, leadership changes, market impact, financial changes, or expert insights. No significant volatility in BTC prices has been observed. This trend aligns with the increase in non-custodial holdings. A whale withdrew 1,345 BTC from the cryptocurrency exchange Binance in less than two hours, worth approximately $143.09 million.

This withdrawal is noteworthy as it represents a large-scale over-the-counter trading flow, consistent with the broader trend of significant Bitcoin transfers to non-custodial wallets, indicating a potential long-term holding strategy.

A whale took out 1,345 BTC from Binance in two hours, worth approximately $143.09 million.

This whale's large withdrawal highlights its shift towards non-custodial holdings. The identity of the entity involved remains unknown, but Binance has confirmed the transaction. CertiK's Skynet Pulse report states that this whale currently holds approximately 20,723 bitcoins, valued at nearly $2.19 billion. This withdrawal reflects a historical trend of declining exchange liquidity, indicating that short-term selling pressure in the market has diminished. Despite the massive transaction size, there has been no significant fluctuation in Bitcoin prices, consistent with the whale's previous activities. Historical trends suggest that such actions often signal the long-term holding intentions of institutional investors, thereby impacting market liquidity dynamics.

The lack of an official statement from Binance or major cryptocurrency leaders underscores the caution surrounding these transactions. Data shows that institutional stakeholders are increasingly inclined towards self-custody, influenced by broader market conditions and regulatory environments. Historically, such initiatives have emerged before enhanced market stability, indicating strategic accumulation intentions by reducing potential supply pressure on exchanges.