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$BTC

A new wallet just withdrew 420 Bitcoin (equivalent to $39.2 million) from the Binance platform just an hour ago.

What does that mean?

Withdrawals of this size from a centralized exchange (CEX) are usually seen as a bullish signal, as it indicates that the wallet owner does not intend to sell anytime soon, but is keeping the Bitcoin in cold storage.

This wallet may belong to an institutional whale or a long-term investor preparing for a potential upward wave.

Note: These movements are closely monitored as they often precede significant market changes

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