According to PANews on July 2, according to monitoring by on-chain analyst Yu Jin, after a whale/institution transferred 1,800 BTC (about US$114 million) to Binance at 1:40 a.m., the BTC price began to fall, from US$63,800 to the current US$62,900.
This whale/institution previously withdrew 6,725 BTC (about US$457 million) from Binance and OKX between 6/20-21.
However, perhaps because he was not optimistic about the market, he started transferring BTC to Binance on June 27. In the past five days, he transferred 3,481 BTC (about 217 million US dollars) to Binance at an average price of 62,300 US dollars.
He also holds 7,867 BTC (about $494 million).
