Bitcoin Whales Withdraw 1,600 BTC Worth $144 Million from Binance
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Whale Behavior Analysis: Anonymous Bitcoin whales recently withdrew 1,600 BTC, valued at approximately $144 million from Binance, indicating reduced selling pressure and potentially enhancing long-term holding confidence in the market.
- Liquidity Changes: The withdrawal actions by whales may impact market liquidity, with analysts suggesting that this could lead to price stabilization for Bitcoin, although the increasing leverage poses risks of price corrections.
- Leverage Risk Warning: Economist Peter Schiff warns of potential downside risks as market leverage increases, particularly as Bitcoin approaches $90,000, urging investors to exercise caution in their strategies.
- Long-Term Holding Trend: On-chain data shows continued net outflows from exchanges, aligning with long-term holding strategies, which may influence market stability and alter investor behavior patterns.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






