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Post: Whales frequently make moves, Bitcoin is on the rise again

According to Lookonchain monitoring data, the well-known whale address "12QVsf" has withdrawn 1,300 BTC from Binance again in the past 30 minutes, worth about $85.56 million. This whale has withdrawn a total of 5,800 BTC in the past two days, with a total value of up to $387.88 million.

Key data points

Single withdrawal amount: 1,300 BTCCumulative withdrawal amount: 5,800 BTCCumulative withdrawal total value: $387.88 million

Professional analysis

Whale movements and market sentiment: The whale account "12QVsf" has withdrawn BTC on a large scale in a short period of time, indicating that the market may have new trends. Large transactions by whales are usually regarded as signals of market trends. This withdrawal behavior may suggest that the whale has high expectations for the recent Bitcoin price.

Market supply and demand relationship: Whales withdraw large amounts of BTC from Binance, reducing the tradable supply in the exchange. This reduction in supply, if not accompanied by an equal amount of selling, could support the price of Bitcoin and further drive prices up.

Liquidity: Such large-scale withdrawals also show that the whale has ample liquidity and high market operation capabilities. Such market participants often have a significant influence on price movements.

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