Whale Institution Buys 6570 BTC from CEX in a 427 Million Deal within 7 Hours

According to on-chain analyst Yu Jin, a whale/institutional address withdrew 6,570 BTC (427 million USD) from Binance and OKEx about 7 hours ago. This whale/institution had previously withdrawn over 38,000 BTC from Binance and OKEx at a price of approximately 18,500 USD during the market bottom in October to December 2022. Subsequently, they transferred around 35,200 BTC to Binance from March to early this month, with an average price of approximately 45,800 USD, potentially earning over 962 million USD.