The post Surge in Bitcoin Withdrawals: 32 Addresses Pull Over $425 Million from Binance appeared on BitcoinEthereumNews.com.

In a recent update, COINOTAG News reported significant movements in Bitcoin liquidity, highlighting a sophisticated analysis from LookIntoChain. Within the last hour alone, **five new addresses** executed withdrawals totaling **745.5 BTC** from **Binance**, which equates to approximately **$59 million**. This activity marks a notable trend in the market, as since November 6, a cumulative sum of **5,364 BTC** has been withdrawn across **32 new addresses**, representing an impressive **$425 million**. Such withdrawals could signal various investor strategies, including portfolio rebalancing or profit-taking amid current market trends. Monitoring these developments offers critical insights for traders and investors alike, emphasizing the importance of understanding asset flows and their implications on market liquidity and volatility. Source: https://en.coinotag.com/breakingnews/surge-in-bitcoin-withdrawals-32-addresses-pull-over-425-million-from-binance/

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Filed under: News - @ November 10, 2024 7:04 am