An anonymous whale address that had acquired 3,910 BTC between June and July deposited 710 BTC (worth $43.78 million) to Bitfinex six hours ago, according to on-chain analyst Etherscan. This follows a previous deposit of 1,500 BTC (worth $92.98 million) to Bitfinex over the past day, during which the price of Bitcoin dropped approximately 3% from $62,200 to $60,400. The reasons behind the whale's decision to deposit such a large amount of BTC to Bitfinex are unknown, but it could be related to the recent market volatility. The price of Bitcoin has been fluctuating significantly in recent weeks, and it is possible that the whale is seeking to take advantage of the price fluctuations by trading on Bitfinex. It is also worth noting that the whale's address has been active in recent months, having acquired a total of 3,910 BTC between June and July. This suggests that the whale is a long-term holder of Bitcoin and is not likely to sell their holdings anytime soon.