Lookonchain
A Bitcoin whale withdrew 1,286 BTC, worth $98.03 million, from Binance at a price of $76,230 per coin after more than a year of inactivity.
More than a year earlier, the whale deposited 5,699 BTC, then worth $509 million, into Binance at an average price of $89,291.
Why it matters
The withdrawal comes at a lower Bitcoin price than the earlier deposit. Moving coins off an exchange can be consistent with accumulation, although the transfer alone does not establish whether the whale bought the BTC or plans to hold it.
Market impact
The 1,286 BTC withdrawal is smaller than the whale's earlier 5,699 BTC deposit. The transaction provides a view of one large holder's exchange activity, rather than a complete picture of its position.
Frequently asked questions
-
How much Bitcoin did the whale previously deposit on Binance?
More than a year earlier, the whale deposited 5,699 BTC, then worth $509 million, on Binance.
-
How did Bitcoin's price compare with the earlier deposit?
The withdrawal took place at $76,230 per BTC, below the $89,291 average price associated with the earlier deposit.
-
Does the Binance withdrawal prove the whale bought Bitcoin?
No. Moving BTC off an exchange can be consistent with accumulation, but the transfer alone does not establish whether the whale bought the coins.
-
How long had the whale been inactive before the withdrawal?
The whale had been inactive for more than a year before withdrawing the Bitcoin.
-
Was the withdrawal larger than the whale's earlier deposit?
No. The withdrawal was 1,286 BTC, compared with the earlier deposit of 5,699 BTC.
CryptoSlate
CoinDesk
Whale Alert
WuBlockchain
CoinTelegraph