A mysterious transfer of 1,140 Bitcoin, equivalent to 121 million dollars, has shaken the crypto market, with the funds being sent in one go to the exchange Binance, the largest in the world by trading volumes.
The movement has attracted the attention of analysts and has triggered new speculations about the activity of the whales.
Two transfers in one hour, one sender: what is happening with the Bitcoin sent to Binance?
The famous tracker Whale Alert, known for monitoring the most significant on-chain transactions, has identified two distinct movements: one of 500 BTC and one of 640 BTC, both directed to Binance.
The transfers, which took place over the course of about an hour, come from the same wallet, whose identity remains anonymous. The total amount – 1,140 BTC – is equivalent to 121 million dollars at the market value of the moment.
A move of this magnitude, especially towards a centralized exchange, is often interpreted as a sell signal, suggesting that the owner intends to liquidate part of their reserves.
At the moment the transactions were recorded, the price of Bitcoin increased by 2.6%, going from $103,810 to $106,500.
This increase coincides with the timing of transfers to Binance, suggesting a possible profit-taking by the whale, who took advantage of the mini-rally to cash in.
Movements of this type are particularly relevant in a context of high volatility like the current one.
The sending of large quantities of BTC to an exchange can push other investors to follow the trend, generating selling pressure and temporarily impacting the price.
In parallel with the movement observed on Binance, the co-founder of Strategy (formerly MicroStrategy), Michael Saylor, publicly praised the initiative of another major Bitcoin investor: Anthony Pompliano.
Pomp announced the 1 billion dollar merger for his new company ProCap BTC, which immediately acquired 3,724 BTC worth 396 million dollars. In response to the post published on X, Saylor commented:
“₿3,724 is an excellent start for ProCap BTC.”
Pompliano joked, inviting Saylor to leave some Bitcoin for the others:
“Save us some Bitcoin, Mike.”
Strategy continues to accumulate BTC: +245 BTC this week
But Saylor has no intention of slowing down. On Monday, his company Strategy announced the purchase of 245 BTC for about 26 million dollars, a move that follows another massive investment of 1 billion dollars made just a week earlier.
With this new addition, Strategy reaches the record figure of 592,345 BTC in portfolio, equivalent to 63 billion dollars at the current value.
These episodes confirm a now established trend: the major players in the sector continue to accumulate Bitcoin, taking advantage of every phase of weakness to increase their reserves.
The long-term vision of Saylor and Pompliano is clear: Bitcoin is the most solid digital asset in the world, and its scarcity – only 21 million total units – makes it increasingly appealing as a store of value.
The massive transfer to Binance, however, introduces a different dynamic: on one hand, it could be a simple relocation of funds, on the other hand, it is also possible that the whale intends to realize profits in light of a brief bull window.
The actual impact on the price will be visible in the coming days. If the transferred BTC are indeed sold, we might witness a temporary price drop.
On the contrary, if it were a shift for OTC or strategic purposes, the pressure will remain contained.
The eyes of investors are now focused on Binance and on any subsequent movements of the anonymous wallet.
Final Considerations
The Bitcoin ecosystem is in constant evolution and dominated by complex dynamics, where a few players can influence the entire market.
While some whales sell, others – like Saylor and Pompliano – buy aggressively, fueling a climate of uncertainty but also long-term trust.
The future of the BTC price will depend on institutional demand, macroeconomic policies, and the ability to withstand short-term pressure.
For retail investors, the advice remains the same: do not follow the hype, but rely on an informed and long-term strategy.
