2 New Crypto Whales Accumulate $135 Million in Bitcoin from Binance

IconCryptoNewsTerminal Staff13 Jun, 2024

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2 New Crypto Whales Accumulate $135 Million in Bitcoin from Binance

Blockchain analytics firm Lookonchain recently tweeted that two new whale addresses withdrew 2,000 Bitcoin (BTC), equivalent to approximately $135 million, from Binance within a short span of 20 minutes. This significant transaction suggests that whales are actively accumulating Bitcoin. The accumulation of such large sums of Bitcoin by whales is a notable trend, indicating their belief in the long-term potential and value of the cryptocurrency. Whales, known for their substantial holdings of cryptocurrencies, play a significant role in shaping market trends. Their actions, including large-scale purchases and withdrawals, often influence the price and sentiment of the market. The recent accumulation of Bitcoin by these whales could be a bullish signal, potentially indicating their anticipation of a positive market outlook for the cryptocurrency.

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