- Massive 821 BTC withdrawal from Binance by an identified whale.
- Potential reduction in Binance’s Bitcoin supply.
- Signals possible price surge expectations among major holders.
A major Bitcoin whale withdrew 821 BTC, valued at $85.42 million, from Binance at 10:30 AM UTC on May 12, 2025.
The recent large-scale withdrawal from Binance by a significant Bitcoin holder might indicate increased market confidence or long-term holding strategies.
A whale with the address “bc1qr” has withdrawn 821 BTC from Binance, adding to an earlier collection of 900 BTC. This transaction underscores accumulation trends by key market players. It highlights the strategic gathering by Bitcoin whales, totaling 1,721 BTC.
With the withdrawal, Binance may experience a reduction in Bitcoin supply, potentially decreasing sell pressure. Geoffrey Kendrick suggests the price target of $120,000 may be attainable. Bitcoin’s price consistency signals a robust upward trend.
This withdrawal echoes past behaviors, reflecting increased market confidence. Coinbase enabling 24/7 Bitcoin and Ethereum derivative trading marks a notable market development. Bitcoin’s ongoing appreciation aligns with historical whale activity patterns.
Further implications include reinforced long-term holding sentiment among major Bitcoin investors. Historical precedents suggest such whale activities correlate with bullish sentiments. Geoffrey Kendrick, Head of Digital Assets, Standard Chartered, adds:
“I previously predicted that Bitcoin might reach an all-time high of approximately $120,000 in the second quarter of 2025 due to strategic asset reallocation away from U.S. assets and accumulation by whales.”
This strategic alignment may boost Bitcoin’s market stability and growth prospects throughout 2025.
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