New Wallet Withdraws $163M in Bitcoin From Binance as BTC Trades Above $65K

A newly created wallet labeled “bc1q1n” withdrew 2,500 BTC, worth approximately $163.6 million, from Binance about an hour ago.

This large transfer comes as Bitcoin reclaimed the $65,000 level, building on a 1.4% gain over the past 24 hours. Such sizable outflows from exchanges are often interpreted as a sign of reduced immediate selling pressure, which can help support short-term price stability if the assets remain off-exchange.

Source: Onchain Lens