The post Whale Withdraws 250 Bitcoins from Binance After 6-Month Silence: What It Means for BTC Investors appeared on BitcoinEthereumNews.com.

On October 8, COINOTAG revealed significant movements within the cryptocurrency market, highlighting a notable transaction involving a **whale** that withdrew **250 bitcoins** valued at approximately **$15.6 million** from **Binance**. This action comes after a prolonged period of inactivity spanning six months. The identified whale had previously amassed a substantial **10,158 BTC**, totaling around **$681 million**, during a concentrated buying spree from **March 14 to April 13**, at a price point of **$67,026**. However, recent assessments indicate that the current valuation has led to a staggering **$46 million** loss for this investor, reflecting the inherent volatility that characterizes the **cryptocurrency market**. Investors closely monitor such activities, as these **large-scale withdrawals** can signify shifting market dynamics and investor sentiment. Source: https://en.coinotag.com/breakingnews/whale-withdraws-250-bitcoins-from-binance-after-6-month-silence-what-it-means-for-btc-investors/

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Filed under: News - @ October 8, 2024 1:22 pm