Bitcoin Whale Conducts Massive Withdrawal of $59.53 Million

A significant bitcoin transaction has been recorded as a prominent whale, wallet address bc1q5r, moved 500 bitcoins worth $59.53 million from Binance. This follows a consistent pattern of large-scale withdrawals from the exchange over the past three months. The total amount withdrawn since July is a staggering 3,000 bitcoins, amounting to approximately $355 million. This whale has consistently bought Bitcoin at an average price of $109,895 per bitcoin, indicating a strategic approach to accumulating the cryptocurrency.