Bitcoin whale activity is heating up again, with nearly $100 million worth of BTC withdrawn from Binance in a matter of hours.
According to data shared by Crypto Rover, several large transfers were spotted moving BTC from Binance’s hot wallets to unidentified wallets, signaling potential accumulation by long-term holders or institutional players.
In total, over 890 BTC were moved out of Binance, with the largest transaction involving 389.99 BTC, valued at approximately $40.72 million.
Additional transactions included two separate 250 BTC transfers (~$26 million each), as well as smaller amounts, all pointing to aggressive accumulation.
Such massive withdrawals typically suggest bullish sentiment, as whales often move assets off exchanges to store them securely in cold wallets. This behavior is commonly associated with reduced selling pressure and heightened confidence in Bitcoin’s price trajectory.
The timing of these transactions coincides with increasing optimism in the broader crypto market, including renewed institutional interest, rising ETF inflows, and bullish technical patterns.
As Crypto Rover put it: “We are so back” — and judging by this scale of activity, the market may just be gearing up for its next big move.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-whales-make-bold-moves-as-nearly-100m-leaves-binance-in-a-matter-of-hours/