Key Takeaways
- Whales withdrew 2,000 Bitcoin (worth $220 million) from Binance in under two hours.
- Newly created wallets are responsible for these large withdrawals, showing a trend toward increased self-custody among big holders.
Share this article
Large Bitcoin holders withdrew around 2,000 Bitcoin worth approximately $220 million from Binance, a prominent cryptocurrency exchange platform, within a two-hour window today, according to Lookonchain.
The withdrawals involved newly created wallets moving the digital assets off the centralized platform, reflecting an ongoing trend toward self-custody among major holders.
Whales have been consistently withdrawing Bitcoin from exchanges like Binance and OKX during price dips as part of accumulation strategies, according to recent on-chain monitoring data.
