🚨 As Bitcoin (BTC) struggles to break past the stubborn $105,000 resistance level, the crypto market just got a jolt of potential bullish momentum.
According to on-chain analytics platform Lookonchain, a massive whale transaction was spotted within the last three hours—one that could suggest an incoming price surge.
🐋 Whale Withdraws Over 2,200 BTC—Accumulation or Just Timing?
In a noteworthy move, a single whale withdrew 2,218 BTC, valued at $226.75 million, from two major exchanges—Binance and Kraken.
• 🔸 1,038 BTC from Binance
• 🔸 1,180 BTC from Kraken
All BTC was consolidated into one wallet, signalling a strong intent to hold rather than sell.
📸 Source: Lookonchain on X
💡 What Does This Mean for Bitcoin?
When whales withdraw such massive amounts from exchanges and move them to cold storage, it typically reflects bullish sentiment. They’re accumulating, not dumping—hinting that they expect higher prices ahead.
📊 On-chain data reveals that this whale’s wallet—“bc1q…gvh”—now holds a staggering 18,330 BTC, worth roughly $1.88 billion.
The wallet has consistently seen inflows from multiple exchanges over the past few months, indicating possible institutional backing—a major bullish signal for long-term investors.
📉 BTC Price Dips, But Sell Pressure May Be Easing
At the time of writing, Bitcoin is trading at $101,955.86, down 1.28% in the last 24 hours, according to CoinMarketCap.
• 📉 BTC fell from a recent peak of $103,877.75
• 📉 Trading volume also dipped by 15.54% to $43.35 billion
However, broader market sentiment could be turning positive. Recent reports from U. Today confirm that the U.S. government has no plans to sell Bitcoin holdings—potentially reducing future sell pressure.
🔍 TL;DR
• A whale just withdrew 2,218 BTC ($226.75M) from Binance and Kraken.
• The move suggests accumulation, not selling.
• The whale’s wallet now holds $1.88B in BTC.
• Institutional backing could be behind the scenes.
• Sell pressure may ease as government sells are off the table.
📢 What’s your take—will Bitcoin rally from here or is more consolidation ahead? Let us know in the comments below!
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