Massive Bitcoin Deposit to Binance: Last Time This Whale Moved … – Captain Altcoin


Binance Receives Gargantuan Bitcoin Deposit From Wallet Linked to Previous Surge
A Bitcoin whale known for his big moves that impact the market has reportedly deposited 4,451 BTC, equivalent to $133.7 million, to Binance, as per the tweet from Lookonchain. This substantial deposit has sparked a flurry of speculation among crypto enthusiasts and market analysts.
According to Lookonchain, the last time this particular whale made a significant deposit to Binance was on January 30, when they transferred 5,000 BTC (worth $118 million at the time). Following that deposit, the price of Bitcoin dropped by approximately 4.2%.
The whale in question is known to have accumulated approximately 25,160 BTC (valued at $480 million) between October 6 and December 15 of the previous year, at an average cost of $19,059 per BTC. The whale’s current holdings stand at 15,603 BTC, or roughly $469 million.
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In the past week, Bitcoin’s price has seen some fluctuations. On July 12, the price opened at $30,625 and closed at $30,386. The following day, the price surged to a high of $31,826.9 before closing at $31,475.4. On July 14, the price experienced a significant drop, opening at $31,473.9 and closing at $30,328. Over the next few days, the price remained relatively stable, hovering around the $30,000 mark. As of July 18, the price closed at $29,868.5.
These recent price movements, coupled with the whale’s substantial deposit, have led to increased market scrutiny. While it’s impossible to predict the exact impact of these large-scale transfers, they undeniably contribute to the dynamic and ever-evolving narrative of the cryptocurrency market.
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Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies. does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor.
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