Whale Withdraws 1,139 BTC from Binance Wallet
- Large BTC withdrawal impacts market liquidity.
- Signals possible long-term confidence.
- Could affect Bitcoin’s market sentiment.
A whale address identified as bc1q57 withdrew 1,139 BTC, valued at approximately $117.43 million, from Binance within the past hour.
The substantial withdrawal from Binance may signal reduced sell pressure and increased market confidence.
The whale withdrawal of 1,139 BTC from Binance reflects on-chain activities and possibly indicates a strategic financial maneuver by significant stakeholders. The address, known as bc1q57, now holds 2,616 BTC after this latest transaction. The Data Nerd first reported this event, highlighting its potential market implications. This move suggests a notable decrease in immediate exchange sell pressure and may indicate long-term holding intentions by the whale.
“A prominent BTC whale (address
bc1q57) withdrew 1,139 BTC (~$117.4M) from Binance in an hour and now holds 2,616 BTC (~$269.5M). Such moves can signal long-term confidence and may reduce sell pressure on exchanges. Monitoring ongoing outflows for market impact.”
Source: ainvest.com
Large withdrawals like this traditionally lead to market speculation about reduced rapid selling tendencies. The lack of public comment by Binance executives such as Richard Teng or major Bitcoin influencers maintains an atmosphere of calm observation in the community. Analysts believe these actions indicate reduced liquidity in centralized exchanges and an increase in market sentiment volatility.
On-chain analysts are keenly observing exchange outflows, predicting changes to Bitcoin liquidity and highlighting analogous events, such as the May 5, 2025 withdrawal of 500 BTC, to suggest bullish trends. Monitoring further movements could determine the longer-term effects on market pricing and depth.
