Wu said that according to Spotonchain monitoring, a whale has withdrawn a net of 3,933 BTC ($234 million) from Binance since August 29, with an average price of about $59,591, and the last withdrawal was 4 hours ago. Previously, the whale sold 7,790 BTC ($467 million) on Binance between June 27 and July 8, when the price was about $59,953. After the sell-off, the price of Bitcoin fell by about 14%. The whale currently holds 10,491 BTC ($630 million).