According to @OnchainLens, a whale withdrew 720 BTC (about $62.79M) from Binance to external address 1HxDrmozRviF69j3YRA2VfKRqxc2YmJAwq, as shown on Arkham Intelligence’s explorer, source: Onchain Lens; Arkham Intelligence. Large BTC outflows from exchanges reduce visible exchange balances and are monitored by traders as indications of lower near-term sell-side supply, source: CryptoQuant (Exchange Reserves metric). Traders can track any returns of these coins to exchanges or further distribution from the destination address to assess potential impact on market liquidity, using Arkham Intelligence and exchange netflow dashboards, source: Arkham Intelligence; CryptoQuant.