Bitcoin Whales Comot 724 BTC From Binance, Tighten Supply
Onchain Lens data show say Bitcoin whales don recently comot total 724.22 BTC (~$85 million) from Binance in two waves: one inactive whale carry 274.22 BTC on August 10, e remain with 587.24 BTC for im wallet, then new wallet comot 450 BTC for August 17. Dis big BTC withdrawals dey reduce exchange-held supply and fit support price momentum as Bitcoin dey test key resistance levels. Crypto traders suppose dey watch more whale outflows, on-chain flows and institutional wallet activity as signs of market sentiment and possible liquidity changes. Historically, steady exchange outflows don link with bullish Bitcoin performance, but single transactions no sure say price go move immediate.
Bullish
Di kombain withdrawl of over 724 BTC from Binance means say big demand dey from rich holders and e reduce the immediate supply wey available for sale for exhanges. For short term, big outflows like that fit make liquidity tight and fit create upward pressure on Bitcoin price, especially as e dey near resistance levels. For long term, consistent withdrawals from exchange dey usually show say people dey accumulate, and this one don dey happen before bullish market phases before. Even though no single transaction fit guarantee price go surge, di pattern of steady outflows from Binance dey support bullish view for Bitcoin.