Giant whale 3G98j just deposited 750 BTC ($46.33M) to Binance at $61,751:

• transaction: eb87ea4f406de51365f6c89f99cafa0059bac7861b52ae39efc40baab88c2739
• address: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN

Notably, between August 29 and September 15, the whale accumulated a net 3,933 BTC ($234M) from Binance at an average price of $59,591. However, as the BTC price plummeted over 3% in the past 24 hours following Iran's unprecedented direct attack on Israel, the whale decided to start unloading its BTC again.

The whale still holds 9,736 BTC ($601M). Will the whale continue to dump more, just like when the whale allegedly dumped 7,790 BTC ($467M) to Binance at an average price of $59,953 between June 27 and July 8, 2024, during which Bitcoin's price dropped nearly 14%?

Fig 1. The 4 latest BTC transactions by the giant whale 3G98j.

Fig 2. The overall BTC trading history by the giant whale 3G98j since July 27, 2024.