According to Lookonchain, a major whale withdrew 500 BTC, valued at $47.82 million, from Binance into a newly created wallet just 12 hours ago (source: Lookonchain via Twitter, May 5, 2025). This significant outflow is often interpreted as a bullish signal, suggesting the whale may be planning to hold rather than sell, reducing immediate sell pressure on exchanges (source: intel.arkm.com). Such large-scale withdrawals can influence Bitcoin price stability and liquidity, making it a critical event for traders monitoring potential upward momentum or reduced volatility in the spot market.