Whale withdraws 700 million dollars, I have to kneel first for this move.

CoinJie News reports that as whales withdraw more than 11,000 BTC from exchanges, Bitcoin’s price remains stable around $60,000. Analysts predict that if Bitcoin can hold within the key support range, the long-term target could reach $220,000. On-chain data shows that over the past five days, large holders have withdrawn a total of about 11,422 BTC, worth approximately $700 million, indicating they do not plan to sell these assets immediately. Despite this, the withdrawals do not guarantee a recovery in Bitcoin’s price. Analysts note that Bitcoin must remain above the nearby support level to support a stronger recovery trend. The recent withdrawals may help reduce selling pressure and limit the amount of Bitcoin held by exchanges.