Bitcoin Sold Before Its Fall: Corporate Whale Moved Large BTC to Binance Again!

The giant corporate whale that transferred Bitcoin before the last Bitcoin drop made a new large transfer. 

According to the July 25 Twitter post by on-chain data and analysis account Lookonchain, a major investor or institution moved a large amount of Bitcoin to Binance, the world's largest cryptocurrency exchange.

The corporate company in question sent 4,500 Bitcoins worth approximately $288.85 million to Binance. In addition, the same wallet address transferred 2,100 Bitcoins worth $141.72 million 2 days ago. While the decrease in price after the transfer of the wallet raised a question mark in minds, it became a matter of curiosity whether Bitcoin would decrease again after the new transfer.

These large transfers show that whales play an important role in market movements, and large purchases can often result in price fluctuations.

Bitcoin experienced a major decline in the last 24 hours and, in parallel, liquidations were triggered in the cryptocurrency market. According to CoinGecko data, Bitcoin is finding buyers at $64,000 at the time of writing.