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Bitcoin rises 1.1% as whale withdraws $81M from Binance, signaling accumulation amid cautious Fed and US GDP miss.

Market News
31 Jul 2026
Blockonomi
View Source
Bullish
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Bitcoin traded near $64,690, up 1.1% after a whale withdrew over 1,250 BTC ($80.94M) from Binance, indicating long-term accumulation. This move, highlighted by analyst Ted Pillows, suggests large holders expect further gains. US Q2 GDP growth missed forecasts at 1.5%, but strong consumer spending keeps the Federal Reserve cautious on rate cuts. Bitcoin’s next key level is near $69,000, with spot volume low and ETF outflows returning, reflecting mixed market sentiment.

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