Yesterday a mysterious whale withdrew 307.5 BTC (~US$ 33.8 M) from Binance – accumulation or strategic move?
Yesterday an address bc1q57 withdrew 307.5 BTC (≈ US$ 33.79 million) from Binance for offline storage, raising its balance to 2,307 BTC (≈ US$ 252.9 million), with unrealized profit of about 45% (~US$ 79 M) .
This type of movement generally suggests accumulation and confidence in the long term — in addition to reducing selling pressure on exchanges .
📊 Market impact:
• Exchange supply outflow = less BTC available.
• Volume of the BTC/USDT pair on Binance rose ~8% shortly after the movement
