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>>Major whale wallet extracts 500 BTC from Binance, sending shockwaves through the market.

Major whale wallet extracts 500 BTC from Binance, sending shockwaves through the market.

crypthub

about 7 hours ago

500 BTC Outflow from Binance

On April 10, 2025 a new wallet moved 500 BTC (≈$32.9 M) from Binance, per Onchain Lens. The funds went to address 1PA6Z, a typical exchange outflow. Large withdrawals often signal transfer to cold storage or another platform. The size places it among the biggest recent outflows from major exchanges.

Market Implications of Whale Activity

Whale outflows cut immediate sell pressure on exchanges, often read as neutral‑to‑bullish. The fresh wallet hints at deliberate segregation for security. Analysts track such flows with metrics like Exchange Net Flow to read market sentiment. This 500‑BTC move fits the accumulation pattern seen since early 2024.

Analyst and Industry Perspective

Experts see the action as portfolio rebalancing, regulatory compliance, or routine security for institutional holders. History shows sustained outflows usually precede price consolidation, not sharp spikes. In the mature 2025 market, these transfers are routine and signal growing institutional Bitcoin use. Monitoring whale activity stays essential for market insight.

Major whale wallet extracts 500 BTC from Binance, sending shockwaves through the market.

500 BTC Outflow from Binance

Market Implications of Whale Activity

Analyst and Industry Perspective

Major whale wallet extracts 500 BTC from Binance, sending shockwaves through the market.

500 BTC Outflow from Binance