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Large-Scale BTC Withdrawal Signal: New Wallets Move Over 1.6K Bitcoin Amid Market Activity
Fresh on-chain monitoring data reveals significant Bitcoin movement, with newly established wallets making substantial withdrawals totaling 1,600 BTC—equivalent to approximately $144 million at current valuation. This activity underscores ongoing interest in self-custody among market participants.
According to blockchain analytics tracked by Onchain Lens on December 29, one newly created wallet alone extracted 1,000 BTC (valued at roughly $89.97 million) in a single transaction. Combined with a second wallet’s parallel withdrawal, the aggregate figure reached 1,600 BTC within the same trading session.
The scale of these withdrawals—particularly from freshly minted addresses—often signals either institutional repositioning or significant individual participants moving assets to personal custody solutions. With Bitcoin trading near $95.16K, such large-volume off-exchange flows warrant close monitoring as they may influence immediate price dynamics and market sentiment.
This pattern of substantial Bitcoin withdrawals continues to reflect the broader trend of investors prioritizing direct asset control through non-custodial storage solutions, a phenomenon frequently observed during periods of elevated market uncertainty or strategic reallocation.