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Bitcoin Whale Removes Nearly $400 million In BTC From Binance

A massive Bitcoin transaction was spotted on the blockchain recently, indicating a whale may be moving their funds into self-custody. Data shows a Bitcoin whale has withdrawn $395.8 million from Binance to an unknown wallet, a sign that may be bullish for the cryptocurrency’s price. 

Massive Bitcoin Transaction Spotted on the Blockchain

According to the data provided by Whale Alert, a cryptocurrency transaction tracker, a whale recently transferred 15,000 BTC away from Binance, the world’s largest cryptocurrency exchange by volume. At the current market price, these Bitcoins are worth around $395.878 million.