New Wallets Receive $127M in BTC as Bitcoin Trades Below $65K

A newly created Bitcoin wallet “bc1qaq” withdrew 434.87 BTC, valued at about $27.96 million, from Binance in a single transaction, according to blockchain analytics platform Lookonchain.

The withdrawal followed transfers a day earlier involving four other newly created wallets, which received a combined 1,540 BTC worth approximately $99.4 million from Galaxy Digital and BitGo. The four wallets begin with “bc1qdt,” “bc1q95,” “bc1qpl” and “bc1qna,” Lookonchain said.

Together, the transactions involved about 1,974.87 BTC with a combined stated value of roughly $127.36 million.

The transfers occurred while Bitcoin remained below $65,000. At the time of the update, Bitcoin was trading at $64,548, down 1% over the previous 24 hours.

Source: Lookonchain