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PANews says two newly created wallets withdrew 950 BTC from Binance, valued at about 72.6 million USD.
Two newly created wallets withdrew 950 BTC from Binance, worth about 72.6 million USD
PANews reported on September 24 that, according to Lookonchain monitoring, two newly created wallets, possibly belonging to the same whale, withdrew 950 BTC from Binance, worth about 72.6 million USD.
Source: https://www.panewslab.com/zh/articles/01a0d2a9-0d75-70ee-a877-d6bee83e4562
PANews reported this BTC withdrawal on September 24.
According to Lookonchain monitoring, two newly created wallets withdrew 950 BTC from Binance.
The source says the BTC was worth about 72.6 million USD.
The source says the two wallets may belong to the same whale.
The following is analysis, separate from reported facts. Verify important claims independently.
This means a quantity of BTC was moved from Binance into two newly created wallets. The transfer itself shows only that the assets changed location; the source does not state the purpose of the withdrawal.
The exchange outflow of 950 BTC may attract market attention, but this transfer alone cannot show whether the holder will hold or trade the BTC, or predict price direction.
Beginners can understand this as a large quantity of assets moving from an exchange to new wallets and should not treat a wallet transfer itself as a signal that the price will rise or fall.
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