Bitcoin Whales Withdraw 101 WBTC, Sell 250 BTC

Published: 2025-07-21 16:00:00 |

An unknown whale withdrew 101.33 WBTC (~$11.98M) from Binance to a private wallet, cutting exchange WBTC supply and hinting at longer-term holds or DeFi use. Meanwhile, a legendary Bitcoin whale from 2012 resumed selling, moving 250 BTC (~$29.7M) to Binance—its first transfer in two months. Over the past eight months, it has sold 1,000 BTC near $106K, netting over $106M. At today’s BTC price (~$118.2K), its position reflects a 34,900% gain and ~$578M profit. Traders should track Bitcoin whale flows, WBTC exchange balances, and on-chain metrics for potential impacts on liquidity and short-term volatility.

Neutral

These two large whale moves have opposing effects: the 101.33 WBTC withdrawal reduces exchange sell pressure, which is typically bullish, while the 250 BTC sell-off into Binance increases supply, which can be bearish. The net impact on Bitcoin price is unclear. In the short term, traders may see heightened volatility as liquidity shifts on and off exchanges. Over the long term, sustained whale accumulation of WBTC suggests bullish intentions, but ongoing profit-taking by early Bitcoin holders may temper gains, resulting in a neutral overall outlook.