Massive Bitcoin Withdrawals Shake Exchanges

According to the popular blockchain sleuth Whale Alert, which tracks large cryptocurrency transactions, two major cryptocurrency exchanges have recently experienced significant Bitcoin withdrawals.

Over the past hour, more than a hundred million dollars’ worth of Bitcoin has exited these platforms.

$368.7 Million in Bitcoin Withdrawn to Unknown

The data tracker identified two large transactions: withdrawals from the world’s largest exchange, Binance, and the leading publicly traded exchange in the US, Coinbase.

• 1,220 BTC valued at $106,612,152 was withdrawn from Binance.
• 1,251 BTC valued at $109,205,712 was taken from Coinbase into anonymous wallets.

> 🚨 🚨 🚨 🚨 🚨 1,220 #BTC (106,612,152 USD) transferred from #Binance to unknown wallet link
> — Whale Alert (@whale_alert) March 24, 2025

Following this, another large Bitcoin transaction occurred, with 1,750 BTC transferred from one anonymous wallet to another, worth $152,931,769 at the time of the transaction.

Max Keiser Predicts New Bitcoin ATH in March

In the past 24 hours, Bitcoin’s price surged from $83,820 to nearly $88,000, marking a 4.6% growth. Overall, BTC has risen by 5.22% since Friday.

At the time of this writing, digital gold is priced at $87,670 per coin. Bitcoin maximalist and advisor to El Salvador President Nayib Bukele, Max Keiser, made a bullish prediction on Sunday, anticipating Bitcoin will reach a new all-time high this month. However, with one week left in March, Bitcoin needs to act fast. The previous peak occurred on January 20, surpassing $109,000.

> BTC makes new ATH this month.
> — Max Keiser (@maxkeiser) March 23, 2025

About a week ago, Keiser reaffirmed his ultra-bullish prediction, claiming that $2,200,000 per BTC is still possible given Bitcoin’s unique structure, which provides resilience against failures. He also speculated that countries like China, Russia, and Iran might consider using a gold-backed stablecoin to avoid reliance on the US dollar, which is losing purchasing power. Keiser concluded by stating, “Bitcoin is deflationary, but volatile.”