Whale Factor sees Bitcoin recovery if $74,967 support holds, $98M BTC withdrawn from Binance

A previously dormant Bitcoin whale has withdrawn 1,286 BTC—valued at $98 million—from Binance, drawing significant attention from traders as the cryptocurrency hovers near critical technical support. The substantial movement has sparked fresh speculation about potential accumulation by large holders amid recent volatility in the Bitcoin price. On June 6, blockchain analytics platform Lookonchain reported that an inactive whale wallet had transferred 1,286 BTC out of Binance, with each Bitcoin priced near $76,230. The total sum for the transaction reached approximately $98.03 million, marking one of the largest single withdrawals from the exchange in recent weeks. Previously, this whale had deposited 5,699 BTC to Binance at an average price of $89,291, accounting for a total value of roughly $509 million at that time.

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