A significant Bitcoin whale recently withdrew $119.6 million from Binance, moving the funds into a private wallet address (bc1q...wt2m2) through three large transactions.
Market analysts are divided on the motive: many view this as a strategic "buy the dip" move that aligns with declining exchange reserves, while others suggest it could simply be internal wallet maintenance by Binance. The move comes amid broader market speculation fueled by CZ’s recent "super cycle" comments and conflicting data from other exchanges like Bitfinex.