COINOTAG reported on August 28 that on-chain analytics provider LookIntoChain recorded a transfer of 250 BTC (approximately $28.29 million) from wallet bc1qlf to the Binance platform. The address retains roughly 3,000 BTC (about $339 million) on-chain, a balance visible in public ledger data and relevant to exchange-held supply metrics.

According to the same monitoring, the wallet originally accumulated approximately 5,000 BTC around 12 years ago at a reported cost basis of $332; disposals reportedly began in December 2024 after Bitcoin exceeded $90,000. These entries are documented on-chain and reported by COINOTAG and LookIntoChain, presenting verifiable transfer and balance information without inferring the holder’s trading intentions.