#WhaleMovements

Large BTC Profit-Taking by a Whale**

- A whale deposited **1,500 BTC ($120.29M)** to Binance on April 11, 2025, as part of a profit-taking strategy. This whale had accumulated **5,700 BTC** at an average price of $80,449 and previously deposited **4,214 BTC** at $87,812, securing a total profit of **$31.24M** .

- **Market Impact**: The deposit correlated with a short-term BTC price dip from $80,150 to $79,980 within 15 minutes. Trading volumes for BTC/USDT surged by 12%, indicating heightened market activity .

#### 2. **Dormant Whale Withdraws BTC from Binance**

- A previously inactive whale withdrew **107.13 BTC ($10.34M)** from Binance after 1.3 years of dormancy. This wallet had a history of strategic withdrawals and deposits, suggesting cautious portfolio management. The move sparked speculation about whether it signals bullish sentiment (holding off-exchange) or preparation for future trades .

#### 3. **Impact on Market Sentiment**

- **Selling Pressure**: Large deposits to exchanges often signal potential sell-offs, as seen with the 1,500 BTC transfer, which increased fears of downward price pressure . Conversely, withdrawals may indicate accumulation or reduced immediate selling risk .

- **Liquidity Effects**: Whale transactions can alter liquidity. For instance, the 1,500 BTC deposit temporarily boosted Binance’s BTC/USDT trading volume to 10,200 BTC, while the BTC/ETH pair also saw increased activity .

#### 4. **Dogecoin Whale Activity**

- A separate whale moved **100 million DOGE ($25.42M)** to Binance, raising concerns about a potential sell-off. However, analysts noted declining overall whale activity in DOGE, suggesting mixed market sentiment