New Address Withdraws 1,350 BTC ($81.87M) from Binance

News Editor

2026-06-28 01:24:30

On-chain monitoring platform Lookonchain reported that a newly created address starting with "bc1q4" withdrew 1,350 Bitcoin (BTC), worth approximately $81.87 million, from Binance. Large BTC withdrawals from exchanges often indicate accumulation by whales or institutions moving assets to cold storage. This transaction has drawn attention from the crypto community as it reduces exchange supply.

Whale MovementBitcoinBinanceWithdrawalOn-Chain Data

According to on-chain data platform Lookonchain, a newly created Bitcoin address starting with "bc1q4" has withdrawn 1,350 BTC, worth approximately $81.87 million, from the Binance exchange. The address had no prior transaction history, suggesting it was created specifically for this withdrawal. Large-scale BTC outflows from centralized exchanges are often interpreted as bullish signals, as they indicate reduced sell pressure and potential long-term holding by whales or institutions. The movement of such a significant amount of BTC from Binance could also suggest preparations for over-the-counter (OTC) trades or cold storage custody. The crypto community is closely watching subsequent movements of these funds.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

800

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.