Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

13/07/2025

Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

13/07/2025

Joseph Lubin on His Ecosystem

13/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

    13/07/2025

    Bitcoin reclaims $109K after Trump pushes back 50% EU tariff deadline

    13/07/2025

    staking, liquid staking tokens and vaulted strategies

    13/07/2025

    Rich Dad Poor Dad Author Can’t Believe People Aren’t Buying Bitcoin

    13/07/2025

    Joseph Lubin on His Ecosystem

    13/07/2025

    Crypto Investor Ryan Sean Adams Calls Ethereum the Next World Reserve Asset

    13/07/2025

    Ethereum to $3,000, 21Shares Makes Case for ETH Price Breakout

    13/07/2025

    This EIP Can Make Ethereum 2x Faster: Details

    13/07/2025

    Filecoin and Akave Cloud Unlock Next-Gen Data Storage Power

    13/07/2025

    Analytics Firm CEO Says “Follow the Whales for Price”, Reveals Four Altcoins That Whales Are Heavily Long on!

    13/07/2025

    Here’s the Mysterious XRP Ledger Co-Founder Who Holds 2% of All XRP

    13/07/2025

    Factors Influencing Its Trajectory in 2025

    13/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

    13/07/2025

    Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

    13/07/2025

    Joseph Lubin on His Ecosystem

    13/07/2025

    Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details

    13/07/2025
  • Blockchain

    Bullish is migrating its entire trading, custody, and settlement infrastructure to Solana

    13/07/2025

    Stability World AI Joins Forces with BearFAI to Revolutionize AI Utility Across Web3

    13/07/2025

    Logic Meets Modularity in this Big Partnership

    13/07/2025

    Band Protocol Unveils V3, A New Era of Multichain and Lightning-fast Data for Web3

    13/07/2025

    All Franklin Templeton products will one day be onchain, exec says

    12/07/2025
  • DeFi

    Nasdaq-Listed Firm Secures $200M in Financing, with Over $150M Tied to Solana Treasury Strategy

    12/07/2025

    TaskOn Partners DEXTools to Bolster Web3 Community Participation

    12/07/2025

    InceptionLRT is shutting down just six months after raising $3.5 million in seed funding

    12/07/2025

    Aave gains 18% weekly amid ecosystem growth, stablecoin dominance

    12/07/2025

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details

    13/07/2025

    KraneShares Unveils Pioneering Opportunity for Digital Asset Investors

    13/07/2025

    One of the Largest Cryptocurrency Banks in the US Has Asked Its Customers to Sell Three Cryptocurrencies, Sparking Controversy

    13/07/2025

    RWA Market Caps $24B With 85% YoY Growth as Tokenization Goes Mainstream

    13/07/2025

    Coinbase New Goldman? Pro-Ripple Lawyer and Cathie Wood Explain Why Yes

    13/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Coinbase Lists 4 New Cryptocurrencies After Securing License in New York

    12/07/2025

    Cumberland Unveils Massive 13,100 ETH Withdrawal from Binance

    12/07/2025

    Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle

    12/07/2025

    Aevo unveils platform offering 1000x leverage on select stocks like MSTR and CRCL

    12/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    12/07/2025

    The Real Lifestyle and WILDGO Partner to Transform Tokenized Real Estate

    12/07/2025

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

    13/07/2025

    Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’

    13/07/2025

    CKpool rolls out low-latency pool after solo miner racks up 3.175 BTC reward

    13/07/2025

    CoreWeave Fusion Dance, $1 Billion Day for Bitcoin ETFs and Strategy’s Bye Week

    12/07/2025

    Crypto traders ‘talking to lawyers’ over Polymarket’s Zelenskyy suit bet

    12/07/2025

    US Senate targets Bukele’s El Salvador, bill calls to sanction BTC strategy

    12/07/2025

    Tornado Cash Judge Won’t Let One Case Be Mentioned in Roman Storm’s Trial: Here’s Why

    12/07/2025

    Trump Ally Compares Crypto Industry Writing Its Own Rules to Spilled ‘Urine Sample’

    12/07/2025

    Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

    13/07/2025

    Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

    13/07/2025

    Joseph Lubin on His Ecosystem

    13/07/2025

    Coinbase CEO Reacts to Major Crypto Institutional Milestone: Details

    13/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»19,197 BTC Makes Its Way Out Of Binance, Trigger For Bitcoin Recovery?
Bitcoin

19,197 BTC Makes Its Way Out Of Binance, Trigger For Bitcoin Recovery?

NBTCBy NBTC30/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A massive amount of 19,197 BTC worth $652 million recently made its way out of Binance all at once, triggering a curious reaction from Bitcoin investors. The timing of the transfer is interesting, as Bitcoin is currently trading in a range and is looking to break the $35,000 resistance level. 

The big question is whether the whale behind the transfer plans to hold or sell, but recent price action points to the former.

Massive Amount Of BTC Leaves Binance

Recent data has shown Bitcoin trading volume on crypto exchanges recently hit its highest point since March, as trading activity increased in the overall crypto market. Whale activity, in particular, has grown exponentially. 

Whale transaction tracker Whale Alerts has uncovered various large Bitcoin transactions coming into and going out of cryptocurrency exchanges. Most of these transactions have been BTC exodus into cold or unknown wallets.

🚨 🚨 🚨 1,517 #BTC (52,009,789 USD) transferred from #Bybit to unknown wallethttps://t.co/4klCQQj5O8

— Whale Alert (@whale_alert) October 30, 2023

🚨 🚨 1,105 #BTC (38,199,041 USD) transferred from #BinanceUS to unknown wallethttps://t.co/NKzMkqT3Ce

— Whale Alert (@whale_alert) October 30, 2023

According to a post on social media platform X by @WhaleChart, there was a recent significant withdrawal of 19,197 BTC from Binance, the largest cryptocurrency exchange. This massive movement of digital currency has led analysts to speculate about the implications.

JUST IN:

19,197 Bitcoin ($652M) has been withdrawn from Binance

— Whale (@WhaleChart) October 29, 2023

Some believe transactions like these signal that whales see bullish things ahead for Bitcoin and want to hold their assets using their own private keys. 

Now, while the whale tracker didn’t provide the transaction address for an in-depth analysis, the transfer was probably into a cold wallet. This is most likely the case as on-chain data points to an ongoing intense buying pressure from the bulls to drive up Bitcoin’s price.

Trigger For Bitcoin Recovery?

When large amounts of BTC are moved off exchanges, it shows that investors are holding their coins long-term. At the time of writing, Bitcoin is trading at $34,611, and its price action is forming a flag in a 4-hour chart timeframe. 

Using the Fib indicator, a breakout above $35,000 puts the next target at $38,000. A more convincing breakout might bring the price of Bitcoin to $40,000. On the other hand, the creation of a lower low below $33,500 would render the flag invalid, and we’d most likely witness a retracement from that point to $31,000. 

4h $BTC

trying for a high n’ tight flag here, breakout target is yearly pivot at 38k

inside the flag we’ve got evidence for A&E and iH&S aka market refuses to break down

any new LL = flag is invalidated and we prob see retrace to 31k pic.twitter.com/QLUXBFSDFj

— Josh Olszewicz (@CarpeNoctom) October 29, 2023

However, ongoing buying pressure points to a bullish breakout rather than a bearish breakout. According to Santiment data shared no X by crypto analyst Ali Martinez, Bitcoin whales have purchased over 30,000 bitcoins worth nearly $1 billion within the last five days.

#Bitcoin whales have purchased over 30,000 $BTC within the last five days, worth nearly $1 billion! pic.twitter.com/oclJBY5j6a

— Ali (@ali_charts) October 28, 2023

Also, historical data points to an average price jump of 43% in November for Bitcoin. A similar jump in the coming month would see Bitcoin increase to around $48,000.

BTC price at $34,556 | Source: BTCUSD on Tradingview.com

Featured image from iStock, chart from Tradingview.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

13/07/2025

Bitcoin reclaims $109K after Trump pushes back 50% EU tariff deadline

13/07/2025

staking, liquid staking tokens and vaulted strategies

13/07/2025

Rich Dad Poor Dad Author Can’t Believe People Aren’t Buying Bitcoin

13/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Q3 Bitcoin Mining Map Exposes Silent Surge in Russia, China, While US Dips Slightly

13/07/2025

Bitcoin Long-Term Holders Data Hint When the Next All-Time High Might Be

13/07/2025

Joseph Lubin on His Ecosystem

13/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.