Whales Withdraw $178 Million in Bitcoin from Binance: A Deep Dive into Recent Transactions

According to OnchainDataNerd, significant movements in the Bitcoin market were recorded in the last 24 hours. Notably, a large whale, identified as bc1q0, withdrew a staggering 600 BTC (approximately $51.5 million) from Binance. This transaction is part of a broader trend; over the past three days, whales have collectively purchased 2,100 BTC (around $178.21 million) at an average price of $84,860. Another substantial withdrawal involved 3PRHV, which withdrew 73.44 BTC (about $6.25 million) at an entry price of $85,188. Furthermore, Galaxy_Digital completed a withdrawal of 657 BTC (approximately $61.58 million), while user 377Cr took out 332 BTC (around $31.25 million). These activities potentially indicate a strategic accumulation phase among major Bitcoin holders.