Key Points

• A whale withdrew 3,238 BTC from Binance in the past day.
• Today, the BTC price rebounded above $87,000 from an earlier dip below the level.

Amidst recent market volatility, Bitcoin whales are accumulating at a rapid pace. Earlier, a whale unloaded a significant amount of BTC from Binance, and it now holds 15,986 BTC worth over $1,39 billion.

Today, Bitcoin recorded a price rebound following an earlier drop to $86,000 levels.

Bitcoin Whale Accumulation via Binance

Earlier, Spot on Chain revealed that a giant whale withdrew 3,238 BTC worth over $284 million at the time of the X post, from Binance at an average price of $87,800.

After it unloaded 12,287 BTC worth around $1.16 billion at $94,300, on average in February, the whale returned to accumulate again five days ago, when Bitcoin was trading at around $84,000.

Spot on Chain noted that the Bitcoin whale currently holds 15,986 BTC worth over $1,39 billion at current prices.

A giant whale withdrew 3,238 $BTC ($284M) from #Binance in the past 17 hours, at an average price of $87.8K!

After unloading 12,287 $BTC ($1.16B) at $94.3K on average in February, the whale returned to accumulate again 5 days ago, when #Bitcoin was around $84.6K.

It now holds… pic.twitter.com/GMSDhT78hA

— Spot On Chain (@spotonchain) March 25, 2025

Bitcoin recorded a price reversal upwards, following an earlier dip to $86,000 levels.

Bitcoin Trades Above $87,000

At the moment of writing this article, BTC is trading above $87,000, after dropping below the level from over $88,000 on March 24.

Despite the current market volatility, Bitcoin price is sustained by more important factors.

Bitcoin Price Catalysts

Apart from the whale accumulation, Bitcoin’s price is supported by other catalysts, including the following:

• Continued institutional interest mirrored by seven consecutive days of inflows in BTC ETFs
• Boosted global adoption of Bitcoin and related products, with BlackRock leading the moves in Europe
• Trump’s latest tariff news revealing that he is considering giving some countries a break from tariffs
• The upcoming confirmation of the new SEC Chair for Paul Atkins, Bitcoin supporter, on March 27
• A QE set to debut in April in the US
• The White House’s recent statements that the US considers selling gold reserves to buy more BTC

These are just some of the few factors that fuel optimism in the crypto industry.