New Wallet Withdraws $55M Worth of Bitcoin From Binance

A newly created wallet labeled bc1qgm has withdrawn 676.72 BTC, worth approximately $55.12 million, from the Binance exchange, according to blockchain data reported about 7 hours ago.

Meanwhile, the transfer comes during a period of relative strength in the Bitcoin market, which continues to hold above $80,000. At the time of reporting, Bitcoin is trading near $80,619, marking a 24-hour gain of about 1.1%.

Source: Lookonchain