According to Lookonchain, a major Bitcoin whale withdrew 1,200 BTC, valued at $130.62 million, from Binance approximately 40 minutes ago (source: Lookonchain via Twitter, May 28, 2025). Large-scale withdrawals like this often signal potential accumulation or long-term holding strategies, which may reduce immediate selling pressure on exchanges and tighten BTC liquidity. Traders should monitor price volatility and order book depth, as significant outflows from Binance could influence short-term Bitcoin price action and broader crypto market sentiment.

According to Lookonchain, a major Bitcoin whale recently withdrew 1,200 BTC, valued at $130.62 million, from Binance approximately 40 minutes ago (source: Lookonchain via Twitter, May 28, 2025). Such large-scale withdrawals typically indicate a move toward long-term holding or off-exchange custody, which can reduce immediate selling pressure on the market. Historically, significant outflows from exchanges like Binance have been associated with bullish sentiment among institutional investors. Crypto traders should monitor this address and overall BTC outflow trends, as sustained withdrawals may signal upward price momentum in the near term (source: intel.arkm.com/explorer/address).