According to Lookonchain, a major whale withdrew 500 BTC, valued at $47.82 million, from Binance into a newly created wallet just 12 hours ago (source: Lookonchain via Twitter, May 5, 2025). This significant outflow is often interpreted as a bullish signal, suggesting the whale may be planning to hold rather than sell, reducing immediate sell pressure on exchanges (source: intel.arkm.com). Such large-scale withdrawals can influence Bitcoin price stability and liquidity, making it a critical event for traders monitoring potential upward momentum or reduced volatility in the spot market.
Looking for smartmoney onchain
Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow’s innovations today.
Disclaimer: Blockchain.news provides content for informational purposes only. In no event shall blockchain.news be responsible for any direct, indirect, incidental, or consequential damages arising from the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making financial decisions.
Whale Withdraws 500 BTC ($47.82M) from Binance: Key Market Signals for Bitcoin Traders – Blockchain News
