👀$BTC 🐋 A recent large transfer of $BTC to Binance may signal major market movements ahead.
Just an hour ago, a whale address transferred 394 BTC to Binance, which was purchased two weeks ago. According to on-chain data on August 17, analysts reported that an address starting with bc1q5 deposited 414,123 BTC on Binance.
This $BTC was purchased at an average price of $52,828 and could net a profit of $1.95 million if sold. The address still holds a substantial amount of 6291 BTC, valued at roughly $361 million.
This accumulation over the past 13 months, coming from major trading platforms, suggests that this direction may be linked to a major institutional player. All eyes are now on what the next move will be.
