Bitcoin Whale Loses $15.08 Million After Dumping 998 BTC into Binance – $1.067 B Impact }

COINOTAG News reports that a strategic whale address deposited 998 BTC—equivalent to $1.067 billion—into Binance six hours prior to the market blot.

Within a single week, the whale experienced a stark decline of approximately $15.08 million, highlighting the pronounced volatility that can afflict even large‑scale liquidity injections.

Analysts attribute the loss to a confluence of slippage during rapid withdrawal, a broader bearish trend in the crypto markets, and potentially a cascade of partial liquidations triggered by margin calls on the exchange.

For institutional participants, this episode underscores the necessity of prudent risk management practices and the importance of monitoring on-chain activity to time market entries more strategically.