According to Odaily Planet Daily, according to monitoring by Ember, a whale that sold BTC at an average price of $60,000 may have re-hoarded BTC and transferred 1,000 BTC from Binance at an average price of about 59,634 USDT.
The address had previously withdrawn 6,725 BTC from Binance and OKX at an average price of 65,077 USDT from June 20 to 21, and then transferred 7,790 BTC to Binance at an average price of 60,113 USDT from June 27 to July 8, resulting in a loss of approximately US$38.66 million.