When a market asset shows signs of vulnerability, it often attracts widespread interest. A recent significant transfer of Bitcoin to Binance might signal notable upcoming market shifts. Just an hour ago, a major holder moved 394 BTC, which was acquired two weeks earlier, to Binance.
On August 17, on-chain data revealed that an address beginning with bc1q5 deposited 414.123 BTC to Binance. This Bitcoin was purchased at an average price of $52,828, potentially allowing for a profit of $1.95 million upon sale. The address still retains a considerable 6,291 BTC, worth about $361 million. This accumulation over the last 13 months, primarily from major trading platforms, suggests a possible connection to a significant institutional investor. The market is now closely watching for the next move.
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