A whale made a profit of approximately 3.4 million dollars by transferring 1,141 Bitcoins (BTC) to Binance.
The on-chain analysis platform Lookonchain shared a notable whale movement. According to this, an investor holding the wallet "bc1qr9" transferred their 1,141 Bitcoins to the Binance exchange. The total value of the transfer was recorded as approximately 121.27 million dollars.
According to Lookonchain data, this whale had purchased the mentioned BTCs at an average price of 104,113 dollars on May 11 and 12. The investor, who spent approximately 179 million dollars for a total of 1,721 BTC during those dates, moved all of their Bitcoins to the exchange with this transfer. It is estimated that the whale made a profit of around 3.4 million dollars if the remaining 1,141 BTC are sold.
What does the whale's decision mean?
Such high-volume exchange transfers are often seen as signals that could create selling pressure. Especially during a period when the Bitcoin price fluctuated around the 105,000 dollar level, this move may indicate that investors are realizing profits. The movements of whales are critically important for market sentiment and are typically closely monitored by other investors.
Increased BTC inflows to Binance draw attention
This transaction also stood out among the high-volume BTC inflows to Binance. Recently, low BTC inflow volumes can change in the short term, especially with such large transactions. The impact of this transfer on the market in the coming days is being closely watched.