Cryptocurrencies withdrew $ 134 million worth of bitcoin from Binance in a day

Lookonchain analysts reported that in recent days, large investors have been actively accumulating bitcoin BTC $74,996.84 Bitcoin 0.89% Market capitalization $1.48 trillion VOL. 24 hours $3.7 billion , so on November 6, 2024, 1807 BTC were withdrawn within one hour to 11 newly created wallets.

It is noted that the volume of each transaction ranged from 107.5 BTC to several hundred coins. At the then bitcoin rate of $ 74,089, the total value of these assets was estimated at $ 133.9 million.

Some market users reportedly believe that such whale activity is related to the likely victory of Republican candidate Donald Trump in the US presidential election, which has already been reported by a number of leading media outlets.

This news has led to a renewal of the historical high of bitcoin’s value. According to TradingView, on November 6, 2024, the cryptocurrency peaked at $ 76,203.

Photo: TradingView

By the way, CryptoQuant analyst CoinLupin predicted a further rise in the price of the cryptocurrency to $ 120,000 on November 5 amid the growing trend of Bitcoin on the US Election Day.

As a reminder, on Wednesday, November 6, bitcoin hit a new all-time high, exceeding $ 75,000 amid preliminary results of the US election, where Donald Trump is ahead of Kamala Harris.