A whale bought 4,500 BTC from Binance and withdrew a large amount of money at the same time

Bitcoin whales are actively accumulating, with one particular whale address recently withdrawing 4,500 BTC from Binance.
As Bitcoin pulls back from its recent weekly highs, a surge in whale activity could signal a possible bullish trend ahead.
According to a report from whale tracking platform Lookonchain, a significant whale named “12QVsf” has withdrawn a large amount of Bitcoin from major exchanges, possibly accumulating in anticipation of future price increases.
Lookonchain reports that the whale “12QVsf” withdrew a total of 4,500 Bitcoins worth approximately $302 million from Binance in the past 22 hours. The average entry price for these withdrawals was $67,182 per Bitcoin, as confirmed by on-chain sleuth The Data Nerd.
The transactions included multiple large withdrawals such as 950 BTC, 450 BTC, and 600 BTC, as well as additional withdrawals of 500 BTC, 550 BTC, and 450 BTC. The earliest recorded withdrawal amounted to as much as 1,000 Bitcoins.
Further Arkham Intelligence data shows that the whale "12QVsf" currently holds 4,500 bitcoins, with unrealized losses of approximately $12.12 million.
Additionally, Lookonchain identified three wallets that may be associated with the same whale that withdrew a total of 1,400 Bitcoins from Bitfinex. This is another withdrawal following the withdrawal of 2,510 Bitcoins from Bitfinex on June 20.
Recent withdrawals from Bitfinex were made from three different wallets, each showing significant activity. Wallet 1 withdrew 700 bitcoins today and 649.9 bitcoins a month ago.
Wallet 2 withdrew 600 bitcoins today and 999.9 bitcoins previously. Wallet 3 withdrew 100 bitcoins today and 859.9 bitcoins previously.
The total value of withdrawals today is $94.09 million, while the total value of withdrawals on June 20 was $163.22 million.
This consistent pattern of large withdrawals suggests these wallets are engaging in an intentional accumulation strategy, likely influenced by market conditions and future price expectations.
From a technical perspective, TradingView’s Accumulation/Distribution (Acc/Dist) line, which measures the cumulative flow of money into and out of Bitcoin, shows a persistent upward trend despite price volatility.
The uptrend is further confirmed by the 21-period SMA of the Acc/Dist line, suggesting that sustained accumulation is ongoing.
The MACD indicator also supports this accumulation trend, with the positive histogram and a bullish crossover of the MACD lines suggesting that bullish momentum is gaining momentum. This is consistent with observed whale activity and accumulation patterns.
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