Whales Withdraw 49,250 ETH: Major Movements Revealed in Recent Binance and Bitfinex Transactions

On February 12, COINOTAG reported significant whale activity in the cryptocurrency market, with two notable addresses withdrawing a total of 49,250 ETH, valued at approximately $131 million. According to data from lookIntoChain, the first whale, identified as 0xb99a…BcF5, transferred 56,909 ETH (about $151.6 million) exclusively from Binance. Additionally, the second whale, known as 0xEd0C…4312, moved 64,603 ETH (roughly $171.8 million) from both Binance and Bitfinex within a 48-hour span. This substantial movement of funds is indicative of shifting market dynamics and the strategies employed by institutional investors. Observers in the crypto space continue to monitor these transactions for potential implications on market liquidity and price stability.