The post Whale Activity Surge: 1,000 BTC Deposited to Binance – What This Means for Bitcoin appeared on BitcoinEthereumNews.com.

In a startling development in the crypto sector, COINOTAG reported on December 2nd that a significant whale address has transferred 1000 BTC to Binance, representing a transaction value of around $97.5 million. This influx highlights the growing interest from high-net-worth individuals in the current market landscape. Notably, data from LookIntoChain revealed that between March 14th and October 31st, this particular whale address had previously withdrawn 11,657 BTC from Binance, equating to an outlay of approximately $780 million. The average price during this period was reported at $66,953. This pattern of large transactions may indicate a strategic repositioning within the market as whales adjust their holdings against price fluctuations, warranting close attention from investors and analysts alike. Source: https://en.coinotag.com/breakingnews/whale-activity-surge-1000-btc-deposited-to-binance-what-this-means-for-bitcoin/

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Filed under: News - @ December 2, 2024 2:08 am