Whale withdraws 1,139 BTC from Binance

A whale recently withdrew a total of 1,139 BTC ($117.43 million) from Binance, according to The Data Nerd on X. The withdrawal occurred over two separate transactions about three hours ago. The whale currently holds 2,616 BTC. Usually, deposits to crypto exchanges signal potential selling, while withdrawals suggest long-term holding. However, a deposit doesn’t always mean a sale.