Onchain Lens said the address made another large Bitcoin withdrawal on June 29, a type of transfer traders often watch for signs of long-term holding or reduced exchange-side supply.
A whale address withdrew another 340 BTC from Binance on June 29, with the transfer valued at about $20.34 million, according to Onchain Lens. Large withdrawals from centralized exchanges (crypto trading platforms) are closely watched because they can indicate coins are being moved into private custody rather than kept available for immediate sale.