TechFlow, May 20 — According to on-chain analytics platform Lookonchain (@lookonchain), multiple whale addresses have recently been continuously withdrawing Bitcoin from exchanges. The address bc1qcp withdrew 1,350 BTC (approximately $142 million) from Binance 8 hours ago, bringing its total holdings to $219 million; bc1qpu (suspected to be linked to Abraxas Capital) withdrew 675 BTC from Kraken; a new address bc1q5k also withdrew 500 BTC from Binance 17 hours ago.
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