Whales withdrew 1807 BTC from the Binance exchange in just one hour

Analysts from Lookonchain have reported an uptick in activity from major Bitcoin holders. nnOn the morning of November 6, 2024, a total of 11 newly created wallets withdrew 1,807 BTC from Binance. nnAt the time of this report, the value of this cryptocurrency amounts to nearly $134 million. nnThe analysts from Lookonchain noted that large Bitcoin holders have been actively amassing the premier cryptocurrency in recent days. They specifically pointed to the withdrawal of 1,807 BTC to these 11 newly established wallets, which took place within an hour on November 6, 2024. nnWhales are accumulating $BTC!nnIn the last hour, 11 new wallets took out 1,807 $BTC ($132M) from #Binance. nnAddresses: nbc1qp8ahkl9g28grz4f44ljs2ukjccx6q5yxez7nt4 nbc1q76yr34th8ngnxj0pjs9d9vtxrtlyu07y3lsspj nbc1q2vw84cghpyg463g8w4uz734uxl7wstvsemgcec… pic.twitter.com/ZpP2qhXiHT nn— Lookonchain (@lookonchain) November 6, 2024nnAccording to available data, the number of Bitcoins involved in the transactions ranged from 107.5 BTC to several hundred coins. Given that at the time of this report, Bitcoin is priced at $74,089, this quantity is valued at approximately $133.9 million. nnSome users believe that these movements reflect whales responding to the potential victory of Republican candidate Donald Trump in the U.S. presidential election. This has been reported by several reputable news outlets, although the vote counting is still ongoing as of the article's publication. nnIn light of reports regarding Trump’s imminent return to the White House, Bitcoin reached a new all-time high. On November 6, 2024, the asset's price peaked at $75,407, according to TradingView.nn

nnHourly chart of BTC/USDT on Binance. Source: TradingView. nnPreviously, analysts from Bernstein provided their forecasts regarding Bitcoin's price in the event of each candidate winning the U.S. presidential election. The scenario of Trump returning to the White House predicts a Bitcoin price surge above $90,000. nnLet us remind you that we previously reported that the daily liquidation volume in the cryptocurrency market surpassed $500 million.