Whales Continue to Withdraw 213.8 BTC from Binance!
2024-07-21
Bittime - The crypto whale withdrew 213.8 BTC from Binance, marking a strategic move with a third round of investment of 677 BTC in four days. This action provides a strong signal for the future price of Bitcoin.
Whales Continue to Withdraw 213.8 BTC from Binance
Whales, who have made a profit of $31 million from two Bitcoin ribbon investments in the last eleven months, are again attracting attention for their strategic actions, along with the latest developments in the cryptocurrency world. Reports from on-chain analyst monitoring Ember and Deep Tide TechFlow show that the whale recently withdrew 213.8 BTC from Binance, or about $14.48 million.
In two previous investment rounds, the whale managed to generate huge profits of $31 million in just 11 months, demonstrating his analytical skills and deep understanding of market movements. These whales have shown extraordinary abilities in Bitcoin investment strategies.
Latest Withdrawal 213.8 BTC from Binance
This whale made a massive withdrawal of 213.8 BTC from Binance just seven hours ago, demonstrating the credibility of the investment strategy being used. This drawdown also provides a strong signal to the market about how BTC prices may move in the future.
Third Round Investment of 677 BTC in 4 Days
In addition to stopping withdrawals, the whale also started a third round of investments on July 17. In four days, he managed to raise 677 BTC, or $44.63 million, at an average price of $65,923 per BTC. This aggressive move shows the long-term strategy the whale may be using, as well as his confidence in the possibility of BTC price increases in the future.
Impact of Whale Withdrawal on BTC Market
These whales will definitely influence the Bitcoin market. Massive withdrawals from Binance and massive accumulation of BTC indicate high demand for crypto assets. Other investors may see this as a positive signal, encouraging them to buy more, indicating the possibility that BTC prices will rise.
Conclusion
For other investors, whale activity in the BTC market is always an important sign. This whale showed strong confidence in Bitcoin's future, with a withdrawal of 213.8 BTC from Binance and an accumulation of 677 BTC in four days. Investors and market observers will continue to watch these whales for future BTC price movements.
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