Whale Withdraws 800 Bitcoin from Bitfinex in 24 Hours
- 800 Bitcoin, worth approximately $71 million, was withdrawn from Bitfinex in the last 24 hours.
- The whale has been accumulating Bitcoin over six days, acquiring a total of 1,000 BTC valued at over $89 million.
- On-chain data shows two new wallets withdrew 1,600 Bitcoin, valued at about $144 million, from Binance earlier this week.
- Bitcoin was trading at around $89,500, up 2% in the last 24 hours.
Trading Analysis
Trading Signal: BULLISH (Score: +8)
The significant withdrawal and accumulation by whales indicate strong confidence in Bitcoin’s long-term growth.
Price Levels:
Current: $89,500
Support: Not specified | Resistance: Not specified
24h/Recent Range: Not specified
A crypto whale has withdrawn a substantial amount of Bitcoin from Bitfinex and Binance recently. This activity suggests increased confidence among large investors in Bitcoin’s future value.