A whale/institution transferred 1,800 BTC to CEX
According to BlockBeats, on July 2, @EmberCN monitored that after a whale/institution transferred 1,800 BTC (about $114 million) to Binance at 1:40 a.m. Singapore time, the price of BTC began to fall from $63,800 to the current $62,900.
The whale/institution previously withdrew 6,725 BTC (about $437 million) from Binance and OKX during 6/20-21. Perhaps because he was not optimistic about the market, he began to transfer BTC to Binance on 6/27. In the past 5 days, 3,481 BTC (about $217 million) was transferred to Binance at an average price of $62,300.
The address currently still holds 7,867 BTC (about $494 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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