Bitcoin Whales Withdraw 101 WBTC, Sell 250 BTC
One unknown whale withdraw 101.33 WBTC (~$11.98M) from Binance go private wallet, e cut down exchange WBTC supply and e hint say person fit hold am long term or use am for DeFi. Meanwhile, one legendary Bitcoin whale wey dey since 2012 dey sell again, e transfer 250 BTC (~$29.7M) go Binance—dis na e first transfer for two months. For past eight months, e don sell 1,000 BTC near $106K, netting over $106M. At today BTC price (~$118.2K), e position show 34,900% gain plus about $578M profit. Traders suppose dey watch Bitcoin whale flows, WBTC exchange balance, and on-chain metrics for possible impact on liquidity and short-term volatility.
Neutral
Dis two big whale moves dey get opposing effects: de 101.33 WBTC withdrawal reduce exchange sell pressure, wey usualy mean say e go bullish, while de 250 BTC sell-off for Binance increase supply, wey fit be bearish. Di net impact for Bitcoin price no clear. For short term, traders fit see more volatility as liquidity dey shift on and off exchanges. For long term, sustained whale accumulation of WBTC show say dem get bullish intentions, but ongoing profit-taking by early Bitcoin holders fit reduce gains, make overall outlook neutral.