According to analytics platform Lookonchain, a whale withdrew roughly $53 million worth of Bitcoin from Binance over the past five hours.Some social media users started speculating about the possibility of large institutional investors entering the market following the approval of several Bitcoin ETFs. Bitcoin whales have been instrumental in shaping the direction of the market, which is why their moves are closely monitored by the cryptocurrency community.
Despite many analysts predicting that the halving would be a sell-the-news event, Bitcoin's price action has been rather healthy so far. two large Tether transactions that were sent to Binance. The cumulative value of the aforementioned transitions approached 123 million. All of the largest meme coins remain in the green despite significant whale moves over the past 24 hours.
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