A recent large transfer of 394 BTC to Binance has caught the attention of market watchers, hinting at potential significant market movements ahead. Just an hour ago, a whale address moved this BTC, which was purchased just two weeks ago.
On August 17, on-chain data revealed that an address starting with "bc1q5" deposited 414.123 BTC to Binance. This Bitcoin was acquired at an average price of $52,828, and if sold now, could yield a profit of approximately $1.95 million. Notably, the address still holds a substantial 6,291 BTC, currently valued at around $361 million. Given that this accumulation occurred over the past 13 months from major trading platforms, it suggests that the address may belong to a significant institutional player. All eyes are now on what the next move will be.
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