According to ChainCatcher, blockchain analytics platform Lookonchain has detected whale accumulation of Bitcoin. Two wallets with no prior transaction history recently withdrew a total of 984 BTC from the cryptocurrency custody service provider BitGo, with an estimated value of approximately $72 million at the time of the transaction.
Large withdrawals from custody platforms are often interpreted as whales moving assets to personal wallets or cold storage for long-term holding. Both newly created addresses remain untagged, and their future movements will continue to be monitored by on-chain analysts.
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