New wallet withdraws 1,350 BTC from Binance as whale accumulation surges

A newly created wallet withdrew 1,350 Bitcoin from Binance on Sunday, joining the largest whale accumulation wave in the asset's history.

Bitcoin whale accumulation hit a record as a fresh wallet withdrew 1,350 BTC from Binance on June 28, on-chain data shows.

"Inflows to accumulation addresses reached 181,000 BTC on June 25, nearly double the previous high of 94,700 BTC set in February 2022," CryptoQuant data shows.

The withdrawal occurred as short-term holders moved roughly 50,000 BTC to exchanges at a loss over the prior 24 hours, the largest loss-to-exchange flow since June 4, per CryptoQuant. Binance alone received about 9,500 BTC from loss-selling short-term holders on the same day. Long-term holder SOPR stood at 0.666, below the 1.0 threshold that indicates sellers are realizing losses, though the reading ticked up from 0.661 in the prior session.

The divergence between panicked retail sellers and accumulating whales sets up a potential supply squeeze if buying pressure persists. Open interest stands at $20.69 billion with funding rates at 0.00264, suggesting cautious position rebuilding rather than leveraged speculation. The next key level to watch is whether accumulation addresses continue absorbing exchange supply through the week.

The Binance withdrawal comes during a period of elevated outflows from the exchange. Binance recorded $1.96 billion in daily net outflows on Wednesday after announcing the withdrawal of its MiCA license application in Greece, followed by $2.52 billion and $1.46 billion in outflows over the next two days, according to DefiLlama. Rival exchanges have sought to attract departing users, with Bitget recording $710 million in weekly net inflows, Bitfinex at $400 million, and OKX at $285.5 million.

The whale activity comes as US macro data has weighed on risk assets. Headline PCE inflation printed at 4.1% against a 4.0% consensus, while Core PCE hit 3.4% versus 3.3% expected, keeping expectations for easier monetary policy subdued. The Federal Reserve's June meeting accelerated the hawkish shift after policymakers removed their easing bias and raised the median 2026 Fed funds projection to 3.8% from 3.4% in March, Bitwise noted. The Coinbase Premium Index has stayed below zero for 40 consecutive days since May 15, pointing to heavier selling from professional investors than retail traders, according to CryptoQuant analyst Darkfost.

Strategy, one of Bitcoin's largest institutional holders, accumulated 174,300 BTC in 2026, though roughly 55% of those purchases were financed through STRC preferred equity issuances, per Bitwise estimates. The firm's cash reserve has dropped 38% since the start of 2026, and annual dividend obligations linked to STRC have risen to $1.2 billion from $300 million, reducing dividend coverage to 14 months from as long as seven years.

This article is for informational purposes only and does not constitute investment advice.