Six hours ago, three new addresses, possibly belonging to the same whale or institution, executed a significant withdrawal of Bitcoin from Binance, as reported by @EmberCN. The total amount withdrawn was 2,173.4 BTC, valued at $221.6 million, with the transaction occurring at a Bitcoin price of $101,980 per BTC [@EmberCN]. The specific addresses involved were bc1q0...l3u7w, which withdrew 1,850.1 BTC [@EmberCN], bc1qr...l6mda, which withdrew 166.8 BTC [@EmberCN], and 1ALZ5...tLGDZ, which withdrew 156.4 BTC [@EmberCN].

This withdrawal event could signal a strategic move by a major market player, potentially impacting the short-term liquidity and price dynamics of Bitcoin. The withdrawal of such a large volume from Binance might suggest a shift in market sentiment or a reallocation of assets. According to market analysis from @EmberCN, similar large withdrawals in the past have preceded price volatility, with a notable instance on December 15, 2024, when a withdrawal of 3,000 BTC from another exchange led to a 5% price drop within 24 hours [@EmberCN].

Analyzing the on-chain metrics, the withdrawal from Binance occurred at a time when the overall trading volume of Bitcoin on major exchanges was relatively stable. The 24-hour trading volume on Binance prior to the withdrawal was approximately $12.5 billion [@EmberCN]. The market depth at the time of withdrawal showed a balanced order book with no significant imbalances that could have been exploited for large trades. Technical indicators such as the Relative Strength Index (RSI) were at 65, indicating a neutral market condition [@EmberCN]. The moving average convergence divergence (MACD) showed a slight bearish divergence, suggesting potential downward pressure in the near term [@EmberCN].