BIT-linked address deposits $107.8M in BTC to Binance, withdraws $24.67M in ETH

A BIT-linked address deposited 1,400 BTC worth $107.8 million into Binance and withdrew 10,000 ETH worth $24.67 million from the exchange, according to Lookonchain. Exchange deposits are typically interpreted as a selling signal, while withdrawals are generally seen as a sign of accumulation.