Whale Withdraws 300 BTC from Binance After 1.5 Years: A $20 Million Profit Unveiled

On November 1, COINOTAG highlighted a significant transaction where a crypto whale withdrew 300 BTC, approximately valued at $20.9 million, from Binance after a prolonged dormancy of 1.5 years. According to Onchain Lens monitoring, this notable event marks a resurgence of activity from an entity previously known for accumulating substantial amounts of Bitcoin. Prior to this withdrawal, the same whale garnered a total of 801 BTC, now valued at around $56.13 million. With the current market conditions, the whale appears to have achieved a remarkable profit of roughly $20 million. Observing such whale movements can provide critical insights into market sentiment and investment strategies, serving as a telling signal for potential shifts in the Bitcoin landscape.