When a market asset becomes vulnerable, it often draws attention from all directions. A recent large $BTC transfer to Binance may indicate significant market movements ahead. Just an hour ago, a whale address transferred 394 BTC to Binance, which was purchased two weeks ago.

According to on-chain data from August 17, Analysts reported that an address starting with bc1q5 deposited 414.123 BTC to Binance. This $BTC was bought at an average price of $52,828 and could yield a profit of $1.95 million if sold.

The address still holds a substantial 6291 BTC, valued at approximately $361 million. This accumulation over the past 13 months, sourced from major trading platforms, suggests that this address may be tied to a significant institutional player. All eyes are now on what the next move will be. $BTC

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