Back
Whale Withdraws 1,320 BTC from Binance Worth $119.6 Million

Whale Withdraws 1,320 BTC from Binance Worth $119.6 Million

According to Lookonchain monitoring on January 10, a whale-linked Bitcoin address withdrew a large BTC amount from Binance, underscoring continued high-value on-chain activity.

BTC

Summary

Lookonchain reported that a whale address identified as bc1q57 withdrew 1,320 BTC, valued at approximately $119.6 million, from Binance around two hours before the report on January 10. The transaction reflects ongoing large-scale Bitcoin movements closely watched by market participants.

Terms & Concepts
  • Whale: An individual or entity that controls a large amount of cryptocurrency, whose transactions can significantly affect market dynamics.
  • BTC: The ticker symbol for Bitcoin, a decentralized digital currency and the largest cryptocurrency by market capitalization.
  • Binance: A major global cryptocurrency exchange that facilitates trading, custody, and transfers of digital assets.