After transferring 1800 BTC (approximately $114 million) to Binance at 1:40 AM, a whale/institution monitored by @EmberCN, the price of BTC started to decline, dropping from $63,800 to the current $62,900.
Previously, during 6/20-21, the whale/institution withdrew 6,725 BTC (around $437 million) from Binance and OKX. It seems to have a bearish view on the market, as it started transferring BTC to Binance from 6/27. Over the past five days, it has moved 3,481 BTC (about $217 million) to Binance at an average price of $62,300.
The address still holds 7867 BTC (approximately $494 million).
[Image]
Tags
Bitcoin
Whale
Source Link: https://x.com/EmberCN/status/1807932766371434964
Disclaimer: All Bitpush articles represent the opinion of the author and do not constitute investment advice.
Original Article Link: https://www.bitpush.news/articles/6913772
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