Dormant Whale Awakens: 612 BTC ($57.6M) Deposited to Binance

After a year of silence, Whale 38LMy resurfaced 15 hours ago, depositing 612 BTC (worth $57.6M) into Binance.

Main address: 38LMykZPZVxkbwZ3i4f22god9TiCYgZzoy

Binance deposit address: 16DPP3CfoefFbKtsZ7kWfryuRc4iLdA24j

This whale has a history with Binance, having withdrawn 650 BTC at an average price of $38,331 (total cost: $24.92M) back on April 11, 2023, and January 14, 2024.

If the whale sells now at $94,117, they would lock in a staggering $34.14M profit (+146%) in just under two years.

The timing of this move has sparked speculation—is this a strategic sell-off or preparation for another big play?