According to @lookonchain, a newly created wallet starting with bc1qvl withdrew 450 BTC (valued at $53.11M) from Binance about 50 minutes ago, with the transfer referenced via Arkham Intelligence’s explorer. Sources: X post https://twitter.com/lookonchain/status/1957071841052295215 and Arkham Intelligence https://intel.arkm.com/ Such large exchange outflows are tracked by traders as potential signs of coins moving to self-custody and lower immediate sell-side liquidity. Sources: Glassnode Academy overview of exchange outflows https://academy.glassnode.com and CryptoQuant Academy on exchange reserves https://cryptoquant.com/academy The 450 BTC size is roughly equal to one day of new BTC issuance after the 2024 halving (3.125 BTC per block, ~144 blocks/day), which raises its relevance for spot liquidity analysis. Sources: Bitcoin Wiki on controlled supply https://en.bitcoin.it/wiki/Controlled_supply and Glassnode issuance metrics overview https://academy.glassnode.com Traders can monitor follow-through via BTC exchange netflow, Binance order book depth, and funding rates to assess whether supply is tightening or rotating before taking directional risk. Sources: Binance Research market resources https://research.binance.com and Kaiko market data research https://www.kaiko.com/research