Bitcoin Whale Deposits 351 BTC into Binance, Realizes $27.97M Profit as 361 BTC Redeposited for $39.60M

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OnchainLens monitoring shows a whale address depositing 351 BTC into Binance, valued at about $38.73 million. The operation yielded a realized gain near $27.97 million, highlighting a substantive on-chain liquidity move rather than a routine trading shift.

The same whale previously withdrew 361 BTC from Binance roughly 3–4 years ago, when the stash was about $11.63 million. It has now redeposited the entire tranche, bringing the position to roughly $39.60 million.

These flows reflect evolving exchange reserve dynamics and on-chain liquidity trends, where a single large transfer can signal custody and strategy adjustments without implying near-term volatility. Market participants should watch follow-on inflows to assess impact.