💦💦Bitcoin Whale on Binance Gets Ready for New Year's Eve: Withdraws $161 Million 💦💦

A Bitcoin whale showed that he has made a large Bitcoin accumulation by withdrawing 1,700 BTC (approximately $161.35 million) from the Binance exchange in recent hours.

The same whale had also transferred 1,000 BTC (approximately $90 million at the price of that period) from Binance to his wallet on December 28. The whale's actions, which withdrew a total of 2,700 BTC (approximately $250 million) in a short period of time, attracted market attention.

Massive Bitcoin Accumulation

Such a large Bitcoin withdrawal is generally interpreted as an expectation of an increase in the market. The withdrawal of BTC by whales from exchanges may indicate that they are moving their assets to wallets for long-term storage and do not want to create selling pressure. However, such large transactions can affect liquidity and change market dynamics.

While the Bitcoin price continues to show a strong performance with the increasing interest in the recent period, the big movements of whales are closely followed by market participants.

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