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Paul L.

Whales withdraw 3,500 BTC and 30,000 ETH from Binance as prices rebound in February 2026

During a week of sharp cryptocurrency market losses, on-chain data shows newly created whale wallets withdrawing roughly 3,500 BTC and 30,000 ETH from Binance. These large outflows, recorded on February 8, 2026, coincide with Bitcoin recovering toward $71,000 and Ethereum trading above $2,000, hinting at renewed accumulation by large holders. The concentration of assets in self-custody wallets is reducing exchange reserves and may be contributing to stabilizing prices after the recent capitulation.