Bitcoin Whale Transfers 778.5 BTC to Binance, Incurring $2.53 Million Loss

On April 6th, COINOTAG reported that according to data from EmberCN, a prominent whale address executed a significant transfer of 778.5 BTC, valued at approximately $64.33 million, to Binance just 20 minutes prior. This transaction has incurred an estimated loss of $2.53 million in Bitcoin (BTC) for the investor. Notably, this whale had previously withdrawn 978 BTC, equivalent to $84.06 million, from Binance on February 27 at a price of $85,910. The investor had also sold 200 BTC on March 24, leaving the 778.5 BTC that was recently moved to Binance. The total cumulative loss from these transactions has reached $2.53 million, highlighting the inherent volatility and risks that come with substantial trading operations in the cryptocurrency market.