Over $266 Million in Bitcoin Exit Leading Crypto Exchange
News By Caroline Amosun Fri, 27/02/2026 - 13:17 Bitcoin whales continue to make large Bitcoin withdrawals after the recent price rally, suggesting that large Bitcoin holders may be quietly accumulating the asset following the recent rally. Advertisement
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After the recent price rally seen across the broad crypto market, momentum appears to be growing strong as the market has seen multiple Bitcoin withdrawals in the past few hours.
On Friday, Feb. 28, blockchain monitoring platform Whale Alert shared data revealing that large stacks of Bitcoin have been withdrawn from leading crypto exchange Bitget in two massive transactions carrying 2,000 BTC each.
4000 BTC exit BitGet in minutes
The transfers, which made up a total of 4,000 BTC, were worth about $134.85 million and $136.04 million, respectively, at the time they were each sent to an unknown wallet.
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AdvertisementMeanwhile, speculators leaned more on the narrative that high-profile Bitcoin holders and institutions are increasingly showing conviction in the leading cryptocurrency, fueling hopes of a major recovery from recent lows.
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Although the large Bitcoin transfer is perceived to be a bullish move, Bitcoin’s price move afterwards has begun to show weak signals as it has suddenly flipped negative.
AdvertisementOver the last 24 hours, data from CoinMarketCap shows that Bitcoin has declined 2.47%, trading at $66,055 as of writing time.
Bitcoin accumulation grows
It is important to note that when Bitcoin is moved off trading platforms, it is often a bullish signal, as it suggests that the holder may be moving the assets into private wallets rather than preparing to sell.
Notably, this reduces the amount of BTC readily available on exchanges, potentially tightening supply if buying pressure increases.
Although the purpose of the transactions was not declared, commentators are convinced that the move is a buy attempt following the belief that large investors often accumulate quietly during downturns rather than broadcasting their intentions publicly.
#Bitcoin #Bitcoin Price Prediction #Bitget Advertisement
