Odaily Planet Daily News — On-chain data from Lookonchain reveals that Bitcoin whales continue to accumulate. Approximately one hour ago, two newly created wallets withdrew a total of 984 BTC from the institutional custody platform BitGo. Based on current market prices, the transferred bitcoin is valued at around $72 million.
Large transfers by whale addresses are often watched as a gauge of market participant behavior. Moving assets out of a centralized custodian and into fresh wallets typically signals a preference for long-term holding over short-term trading. Further on-chain movements can be tracked using Lookonchain tools.
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