Whale Withdraws 340 BTC from Binance, Holds 2,510 BTC Across Two Wallets

News Editor

2026-06-29 08:45:07

According to Onchain Lens monitoring, a whale withdrew 340 BTC (worth ~$20.34 million) from Binance. The whale now holds a total of 2,510 BTC across two wallets, valued at approximately $150.3 million. This large withdrawal signals continued accumulation by major holders.

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Whale Activity Details

Blockchain analytics platform Onchain Lens reported that a Bitcoin whale recently withdrew 340 BTC from the Binance exchange, valued at approximately $20.34 million. The whale now controls two wallets holding a combined 2,510 BTC, worth about $150.3 million.

Large withdrawals from exchanges are often interpreted as a bullish signal, indicating that the whale intends to move assets into self-custody, reducing potential selling pressure.

Market Context

With Bitcoin price fluctuating around the $60,000 level, continued whale accumulation could support positive market sentiment. Traders should monitor on-chain data for further large movements.

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

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