Whale Wallet Withdraws 676 BTC from Binance

A newly created wallet, identified as bc1qgm, just yanked 676.72 BTC valued at $55.12M from Binance seven hours ago, per on-chain tracker Lookonchain. This hefty BTC whale movement echoes similar large-scale withdrawals seen in the past six months, often preceding Bitcoin market rallies as institutions stockpile amid crypto market accumulation signals.

Zooming into the 4-hour BTC chart, price action holds firm in a bullish trend with the EMA50 at $80,430.2 acting as immediate support and the EMA200 at $77,138.98 reinforcing longer-term floors. Momentum sits neutral on the RSI(14) at 52.02, but the MACD(12,26) golden cross at 24.34 screams bullish continuation. Price dances inside Bollinger Bands, testing the upper resistance at $82,084.3 while lower support at $78,809.85 caps downside risks—expect a quick dip to that EMA50 confluence before blasting higher if whales like this keep accumulating.