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).

According to André Dragosch, the largest Bitcoin exchange withdrawal since April 2024 just occurred, with more than 17,000 BTC moving off exchanges, including 15,000 BTC from Coinbase. This suggests significant whale activity, potentially indicating a strategic buy during the current market dip.