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Crypto

Bitcoin Whale Unloads Massive 3,000 BTC on Binance

Guavy AI Editorial Team
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A significant Bitcoin whale has been transferring large amounts of BTC to Binance over the past few weeks. According to on-chain data, this investor moved 3,000 BTC to Binance between August 21st and 19th, valued at approximately $225 million at the time of transfer.

This is not an isolated incident; since July 19th, the whale has deposited a total of 12,513 BTC into the exchange, worth around $850 million. This significant influx of funds raises questions about the whale's intentions and potential market impact.

As of August 21st, Bitcoin was trading at $76,335, up 9.79% from the previous day.

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