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On-chain data reveals a significant BTC whale withdrew 1,320 BTC from a major exchange, totaling approximately $120 million in value. Such large-scale withdrawals typically indicate strong accumulation behavior among institutional and sophisticated traders. When whales move substantial holdings off-exchange platforms into self-custody wallets, it often signals confidence in future price appreciation and reduced selling pressure in the near term—a pattern that market participants closely monitor as a potential bullish indicator for BTC price dynamics.