Bitcoin Whale Withdraws 2,372 BTC, Valued at $201 Million, from Binance and Kraken

On April 15, 2025, the cryptocurrency market witnessed a significant event as a massive Bitcoin whale withdrew 2,372 BTC, valued at approximately $201 million

A massive Bitcoin whale just pulled out 2,372 BTC, valued at approximately $201 million, from leading exchanges Binance and Kraken on April 15.

This whale, now holding a total of 16,780 BTC (roughly $1.42 billion), last touched these exchange wallets in March 2024.

The large-scale withdrawal of Bitcoin from exchanges has a direct effect on Bitcoin's market dynamics.

As of 10:00 AM UTC, Bitcoin’s price stood at $85,000, showing a minor dip of 0.5% following the whale's move. The cryptocurrency's liquidity also saw a reduction, with a 15% decrease in trading volume on Binance and a 10% drop on Kraken over the same period.

From a technical analysis perspective, several indicators are signaling key trends for Bitcoin's price movement.

The Relative Strength Index (RSI) for Bitcoin was at 68, suggesting that the asset is approaching overbought conditions, which could mean a price pullback is imminent unless more bullish pressure drives the price upward.

Meanwhile, the Moving Average Convergence Divergence (MACD) showed signs of a bearish crossover, a signal of potential downward momentum. These indicators, along with the decrease in active Bitcoin addresses by 2% over the past 24 hours, hint at a possible slowing in market activity and a reduction in bullish sentiment.

The whale's withdrawal has caused shifts in trading volume across different pairs. The BTC/USDT pair on Binance saw a slight decrease in trading volume by 1%, while the BTC/ETH pair experienced a 0.8% increase in volume.

Furthermore, the Crypto Fear & Greed Index saw a slight drop from 72 to 68, signaling a shift from greed to a more neutral sentiment. While the market is not yet in fear territory, this change reflects a slight decrease in bullish enthusiasm.

In other news, AI-related tokens saw increased activity in the broader crypto market. SingularityNET (AGIX) saw a 5% rise in trading volume, and Fetch.AI (FET) experienced a 3% increase. These movements point to growing interest in AI-related projects, which could indirectly affect overall market sentiment and lead to more diverse trading patterns.