Whale Withdraws 3,933 Bitcoin from Binance, Sparking Market Speculations

According to COINOTAG’ report on September 15 and Spotonchain’s recent data, a prominent crypto whale has executed a net withdrawal of 3,933 BTC, valued approximately at US$234 million, from Binance since August 29. The average price of these transactions was around US$59,591. The latest transaction occurred just 4 hours prior to this report. In a significant move earlier, the whale had liquidated 7,790 BTC, worth an estimated US$467 million, between June 27 and July 8, when Bitcoin’s price hovered around US$59,953. Following this major sell-off, Bitcoin’s price experienced a decline of about 14%. The whale’s current holdings amount to 10,491 BTC, equivalent to roughly US$630 million.