PANews reported on August 29 that according to the monitoring of on-chain analyst Yu Jin, the whale/institution that transferred 7,790 BTC to Binance at an average price of $60,113 from June 27 to July 8 may have started hoarding BTC again. 50 minutes ago, he withdrew 1,000 BTC (about $59.63 million) from Binance at a price of $59,634.
The address previously withdrew 6,725 BTC (about 437.64 million US dollars) from Binance and OKX at an average price of $65,077 on June 20-21, and then transferred 7,790 BTC (about 468 million US dollars) to Binance at an average price of $60,113 on June 27-July 8. A loss of $38.66 million may be realized.
