Whales withdraw 1,600 Bitcoin worth nearly $144M from Binance
Major Bitcoin withdrawals hint at whale accumulation and reduced market selling pressure.
Two newly created wallets pulled 1,600 Bitcoin valued at approximately $144 million from Binance over the past eight hours. The withdrawals were flagged by the on-chain analytics team at Lookonchain.
Whales are buying $BTC.
In the past 3 hours, two newly created wallets have withdrawn 1,600 $BTC($143.65M) from #Binance.https://t.co/CmlhjrfUgNhttps://t.co/WM113aDd7P pic.twitter.com/jE7njWtf2u
— Lookonchain (@lookonchain) December 29, 2025
Large-scale Bitcoin movements from exchanges to private wallets are typically interpreted as accumulation by major holders known as whales. Such withdrawals often signal reduced selling pressure and long-term holding intent among major market participants.
Bitcoin climbed above $90,000 late Sunday before easing back to around $87,600 ahead of the US market open on Monday, according to CoinGecko.