Onchain Lens data confirms a major Bitcoin withdrawal from Binance, with the whale now holding 581 BTC in total, underscoring potential impacts on market liquidity and sentiment.
On February 16, blockchain analytics platform Onchain Lens reported that a crypto whale withdrew 578 BTC, valued at approximately $39.76 million, from Binance. This transaction increased the whale’s total holdings to 581 BTC, worth the same amount. Large-scale moves like this can influence liquidity conditions and market sentiment, especially when involving leading exchanges.