Bitcoin Whale Accumulates 4,500 BTC from Binance Anticipating Higher Prices Ahead

Crypto Live News

Author: Nidhi Kolhapur Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

news-image

According to whale tracking platform Lookonchain, a significant whale, identified as “12QVsf,” has withdrawn a substantial amount of Bitcoin from major exchanges, likely accumulating amidst an anticipation of higher prices ahead. It withdrew a total of 4,500 BTC, valued at approximately $302 million, from Binance within the last 22 hours. The whale “12QVsf” currently holds 4,500 BTC with an unrealized loss of around $12.12 million. Additionally, Lookonchain identified three wallets, potentially linked to the same whale, that withdrew a combined total of 1,400 BTC from Bitfinex. 

Source link

See also  Bitcoin ETFs See Nearly $2 Billion Inflows, Traders Predict Ether (ETH) to Reach $10,000 in 2024