Whales continue to collect Bitcoin: 900 BTC withdrawn from Binance

While the cryptocurrency transactions of the newly created wallets have attracted attention recently, it seems that large whale accounts are also receiving Bitcoin at a cheap price. At night, 3 separate whales withdrew a total of 900 BTC from the Binance exchange to the newly opened wallets.

While the cryptocurrency markets, like the whole world, are waiting for the Fed's interest rate cuts, it is seen that some whales have restarted buying Bitcoin. According to the information given by the on-chain tracking platform Lookonchain, 3 separate whales withdrew 900 BTC worth 51 million dollars at night. The shooting took place on the Binance exchange.

Newly opened wallets...

On the other hand, there is also a situation that has been seen frequently in recent days. It does not escape the eyes that the wallets that make heavy purchases are newly opened accounts.

The fact that the purchases are made days before September 18, when the Fed's new interest rate decision will be made, also strengthens the idea that whale accounts are expected to rise. While experts expect the Fed to make an interest rate cut of 25 basis points, the number of those who have 50 basis points is not small.

Bitcoin, which has risen more than 4 percent in the last 24 hours, is trading at approximately 57,300 dollars in the minutes when the news was written.