Lookonchain
A whale deposited 1,000 BTC, valued at $73.78 million, into Binance eight hours before the update, after four years of inactivity.
Why it matters
Exchange deposits can give holders the ability to sell or trade assets. A transfer alone, however, does not establish the owner's intentions or confirm that a sale has taken place.
Market impact
The size of the deposit makes it a notable potential source of selling pressure for Bitcoin. The transfer does not by itself show an effect on BTC's price.
Frequently asked questions
-
How much Bitcoin did the whale deposit?
The whale deposited 1,000 BTC, valued at $73.78 million.
-
How long had the whale been inactive?
The deposit followed four years of inactivity.
-
Where did the whale send the Bitcoin?
The 1,000 BTC deposit went to Binance.
-
Does the Binance deposit confirm that the Bitcoin was sold?
No. An exchange deposit alone does not confirm a sale or establish the owner's intentions.
-
Why might the deposit matter to Bitcoin traders?
Exchange deposits can give holders the ability to sell or trade assets, making a large transfer a potential source of selling pressure.
Whale Alert
CoinTelegraph
CryptoSlate
WuBlockchain
CoinDesk