A total of 1,600 BTC was withdrawn from the two newly created Bitcoin wallets. This is worth approximately $143 million. Sent by Binance within 3 hours on December 29th. On-chain data shows that the money was sent from a Binance hot wallet. It then moved directly to a new address with no previous transaction history.
Whales are buying BTC dollars.
In the last 3 hours, two newly created wallets withdrew $1,600 BTC ($143.65 million) from #Binance. https://t.co/CmlhjrfUgN https://t.co/WM113aDd7P pic.twitter.com/jE7njWtf2u
— Lookonchain (@lookonchain) December 29, 2025
The first transfer occurred around 4 a.m. UTC. When the new wallet received 600 BTC worth approximately $54 million. About 3 hours later, the newly created second wallet withdrew nearly 1,000 BTC. This is worth nearly $90 million at street price. Both wallets will remain inactive after the deposit. So far, no leaks or internal movements have been recorded.
On-chain data points to long-term storage
According to blockchain monitoring shared by Lookonchain, no previous activity is visible on the wallets involved. This pattern often suggests accumulation rather than short-term trading. Large holders frequently move funds from exchanges to self-custody if they plan to hold the asset for the long term. In contrast, traders preparing to sell typically keep their funds on an exchange for faster execution. The lack of follow-up transfers reinforces the view that these wallets are intended for custodial purposes. But analysts caution that single events do not support a broader accumulation trend.
Bitcoin value reaches nearly $90,000, outflows from exchanges increase
The withdrawal occurred while Bitcoin rebounded from recent lows and was trading around $90,000. The market environment remains volatile, and price fluctuations are driven by macro uncertainties and changes in liquidity conditions. Currency outflows often reduce readily available supply. As a result, continued withdrawal activity could lead to liquidity strains over time. Still, analysts say the individual moves may reflect custody turnover rather than new purchases. Market participants continue to monitor total exchange balances and wallet dormancy indicators for confirmation. Without continued follow-through, large transfers at once may have limited impact on prices.
Analysts urge caution despite bullish signals
Some traders said the withdrawal was bullish due to the size and timing of the trade. Some people pointed out that similar wallet activity had occurred in the past and urged caution. It will not immediately lead to an upward trend. Analysts stressed that true accumulation usually manifests itself as consistent currency outflows, rather than just one-off events. They also emphasized the importance of funding rates and derivative positioning, which can quickly change market direction. Now, this move adds another data point to the closely monitored on-chain situation. Do these wallets represent long-term beliefs or strategic repositioning? That may become clearer in the future as broader flow trends develop.
