⭐⭐Major Move by Bitcoin Whales! 2,173 BTC Moved from Binance! ⭐⭐

The activity of whales in the cryptocurrency market continues unabated. On-chain data analysis platform Lookonchain announced that a total of 2,173 BTC were withdrawn from the Binance exchange in the last few hours.

The total value of the withdrawn Bitcoins is calculated as approximately $ 221.6 million.

According to the statement made by Lookonchain, this large Bitcoin transfer was carried out by three newly created wallets. This shows that the whales continue their Bitcoin savings.

Will It Affect the Bitcoin Price?

Large transactions made by whales can usually lead to short-term price fluctuations in the market. Withdrawing Bitcoin from major exchanges like Binance can create upward pressure on the price as it creates the expectation that the supply will decrease.

In recent weeks, Bitcoin has started a significant uptrend by exceeding the $ 100,000 level. This move by whales strengthens expectations that the price of the leading cryptocurrency will increase even more.

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