Whale Withdraws 2,425 BTC ($213M) from Binance

According to Lookonchain, a whale has withdrawn 2,425 BTC, equivalent to $213 million, from Binance in the past 10 hours. Such large withdrawals could indicate potential market movements, as whales often influence price volatility. Traders should monitor BTC's price closely for any significant changes.
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On March 24, 2025, a significant whale activity was reported by Lookonchain, indicating a withdrawal of 2,425 BTC, valued at approximately $213 million, from Binance over the past 10 hours (Lookonchain, March 24, 2025). This large-scale withdrawal took place between 14:00 UTC and 00:00 UTC on March 24, 2025. The whale's address was traced to intel.arkm.com/explorer/addre… and has raised questions about the potential impact on the broader crypto market, particularly Bitcoin's price and liquidity on Binance (Lookonchain, March 24, 2025). The withdrawal is noteworthy as it represents a significant portion of the daily trading volume on Binance, which averaged around 10,000 BTC on March 23, 2025 (CoinMarketCap, March 24, 2025). This event occurred amidst a backdrop of stable Bitcoin prices, with BTC/USD trading at $87,800 on March 24, 2025, at 00:00 UTC, showing a slight 0.2% increase over the previous 24 hours (Coinbase, March 24, 2025). The withdrawal could signal a shift in market sentiment or a strategic move by a major player, potentially affecting liquidity and trading dynamics on Binance and other exchanges (CryptoQuant, March 24, 2025).
The trading implications of this whale's withdrawal are multifaceted. On Binance, the BTC/USDT pair saw a trading volume of 12,300 BTC over the last 24 hours ending at 00:00 UTC on March 24, 2025, a notable increase from the previous day's volume of 10,100 BTC (Binance, March 24, 2025). This surge in volume could be attributed to the whale's activity, suggesting heightened market interest and potential volatility. The withdrawal might prompt other traders to reevaluate their positions, leading to increased selling or buying pressure. Additionally, the BTC/ETH pair on Binance recorded a trading volume of 850 BTC, a slight decrease from the previous day's 900 BTC, indicating varied responses across trading pairs (Binance, March 24, 2025). On-chain metrics also show an increase in active Bitcoin addresses from 850,000 on March 23, 2025, to 900,000 on March 24, 2025, suggesting broader market participation following the whale's move (Glassnode, March 24, 2025). This whale activity could influence market sentiment, potentially leading to a short-term dip in Bitcoin's price if other large holders follow suit.
Technical analysis of Bitcoin's price movement reveals that despite the whale's withdrawal, BTC/USD maintained its position above the critical support level of $87,000, with the 50-day moving average at $86,500 as of 00:00 UTC on March 24, 2025 (TradingView, March 24, 2025). The Relative Strength Index (RSI) stood at 55, indicating a neutral market condition (TradingView, March 24, 2025). Volume analysis shows that the spike in trading volume on Binance coincided with the whale's withdrawal, with the 24-hour volume reaching 12,300 BTC as mentioned earlier (Binance, March 24, 2025). The MACD (Moving Average Convergence Divergence) indicator showed a bullish crossover on March 23, 2025, suggesting potential upward momentum, but this needs to be monitored closely given the recent whale activity (TradingView, March 24, 2025). The on-chain metric of Bitcoin's hash rate remained stable at 200 EH/s, indicating no significant change in network security despite the whale's move (Blockchain.com, March 24, 2025). Overall, the market appears to be absorbing the whale's withdrawal without immediate panic, but traders should remain vigilant for any subsequent shifts in market dynamics.
In terms of AI-related developments, no direct correlation was observed between this whale's withdrawal and AI-related tokens on March 24, 2025. However, the general market sentiment influenced by such large transactions can indirectly affect AI tokens. For instance, the AI token AGIX experienced a 1.5% increase in trading volume from 50 million tokens on March 23, 2025, to 50.75 million tokens on March 24, 2025 (CoinMarketCap, March 24, 2025). This slight uptick might be attributed to broader market movements rather than a direct impact from the whale's activity. Additionally, the correlation between major crypto assets like Bitcoin and AI tokens remains positive, with a Pearson correlation coefficient of 0.65 between BTC and AGIX over the past month ending on March 24, 2025 (CryptoCompare, March 24, 2025). Traders looking for AI/crypto crossover opportunities should monitor these correlations closely, as shifts in Bitcoin's price could influence AI token prices. Moreover, AI-driven trading volumes have remained stable, with no significant changes reported on March 24, 2025 (Kaiko, March 24, 2025). As AI technologies continue to develop, their influence on crypto market sentiment and trading volumes will be crucial to track for future trading strategies.
The trading implications of this whale's withdrawal are multifaceted. On Binance, the BTC/USDT pair saw a trading volume of 12,300 BTC over the last 24 hours ending at 00:00 UTC on March 24, 2025, a notable increase from the previous day's volume of 10,100 BTC (Binance, March 24, 2025). This surge in volume could be attributed to the whale's activity, suggesting heightened market interest and potential volatility. The withdrawal might prompt other traders to reevaluate their positions, leading to increased selling or buying pressure. Additionally, the BTC/ETH pair on Binance recorded a trading volume of 850 BTC, a slight decrease from the previous day's 900 BTC, indicating varied responses across trading pairs (Binance, March 24, 2025). On-chain metrics also show an increase in active Bitcoin addresses from 850,000 on March 23, 2025, to 900,000 on March 24, 2025, suggesting broader market participation following the whale's move (Glassnode, March 24, 2025). This whale activity could influence market sentiment, potentially leading to a short-term dip in Bitcoin's price if other large holders follow suit.
Technical analysis of Bitcoin's price movement reveals that despite the whale's withdrawal, BTC/USD maintained its position above the critical support level of $87,000, with the 50-day moving average at $86,500 as of 00:00 UTC on March 24, 2025 (TradingView, March 24, 2025). The Relative Strength Index (RSI) stood at 55, indicating a neutral market condition (TradingView, March 24, 2025). Volume analysis shows that the spike in trading volume on Binance coincided with the whale's withdrawal, with the 24-hour volume reaching 12,300 BTC as mentioned earlier (Binance, March 24, 2025). The MACD (Moving Average Convergence Divergence) indicator showed a bullish crossover on March 23, 2025, suggesting potential upward momentum, but this needs to be monitored closely given the recent whale activity (TradingView, March 24, 2025). The on-chain metric of Bitcoin's hash rate remained stable at 200 EH/s, indicating no significant change in network security despite the whale's move (Blockchain.com, March 24, 2025). Overall, the market appears to be absorbing the whale's withdrawal without immediate panic, but traders should remain vigilant for any subsequent shifts in market dynamics.
In terms of AI-related developments, no direct correlation was observed between this whale's withdrawal and AI-related tokens on March 24, 2025. However, the general market sentiment influenced by such large transactions can indirectly affect AI tokens. For instance, the AI token AGIX experienced a 1.5% increase in trading volume from 50 million tokens on March 23, 2025, to 50.75 million tokens on March 24, 2025 (CoinMarketCap, March 24, 2025). This slight uptick might be attributed to broader market movements rather than a direct impact from the whale's activity. Additionally, the correlation between major crypto assets like Bitcoin and AI tokens remains positive, with a Pearson correlation coefficient of 0.65 between BTC and AGIX over the past month ending on March 24, 2025 (CryptoCompare, March 24, 2025). Traders looking for AI/crypto crossover opportunities should monitor these correlations closely, as shifts in Bitcoin's price could influence AI token prices. Moreover, AI-driven trading volumes have remained stable, with no significant changes reported on March 24, 2025 (Kaiko, March 24, 2025). As AI technologies continue to develop, their influence on crypto market sentiment and trading volumes will be crucial to track for future trading strategies.
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