Bitcoin Whales: Withdraw $120M BTC from Exchanges
Bitcoin whales pulled 1,600 BTC worth $120M from Binance and BitGo in hours, signaling accumulation amid bullish trends and BTC price prediction upside.
SourceWhales just yanked 1,600 BTC valued at $120 million from Binance and BitGo into three fresh wallets over the past five hours, per Lookonchain data. This mirrors Bitcoin whale accumulation patterns seen in early 2026, where similar large BTC withdrawals from exchanges preceded sharp price surges, hinting at smart money positioning for crypto market trends and potential BTC price impact ahead.
On the 4h chart, BTC trades at $75,094.4 in a clear bullish structure, hugging the EMA50 support at $72,473.16 while the EMA200 at $70,311.53 anchors the longer-term floor. MACD screams bullish with a golden cross at 760.06, but RSI at 63.32 stays neutral, suggesting room to run before overbought territory. Price dances inside Bollinger Bands, testing upper resistance at $76,686.31—a break here could ignite fresh highs, though volatility might pull back to lower support at $70,444.36 for confluence with the EMAs before resuming the grind higher in this Bitcoin-fueled hype cycle.
Lookonchain
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