A whale/institution transferred $114 million worth of BTC to Binance in the early morning, and still holds $494 million worth of BTC

According to TechFlow, according to Ember's monitoring, after a whale/institution transferred 1,800 BTC (worth about US$114 million) to Binance at 1:40 a.m., the BTC price began to fall from $63.8K to the current $62.9K.

The whale/institution previously withdrew 6,725 BTC (worth approximately $437 million) from Binance and OKX during 6/20-21.

However, perhaps because he was not optimistic about the market, he started transferring BTC to Binance on June 27. In the past 5 days, he transferred 3,481 BTC (US$217 million) to Binance at an average price of $62.3K. He still holds 7,867 BTC (US$494 million).