Giant whale quickly deposited 1,000 BTC ($55.36M) back to Binance despite loss

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Sep 06, 07:48

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Giant whale quickly deposited 1,000 BTC ($55.36M) back to Binance despite loss

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Related addresses

3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN

Total tokens transferred

1.000K

BTC

Related transactions

3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN

Binance deposit

Sep 06, 07:34

Giant whale 3G98j just deposited 1,000 BTC ($55.36M) to Binance at loss:

transaction: 1460653df5795861d02e48ed0c66e896e6b60302d6bc7312682cd2948f2e5bdb
address: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN

Notably, the whale withdrew only 2,322 BTC from Binance at an average of $58,597 (estimated cost of $136M) between August 29 and September 3, 2024. At the current price of $55,363, this position has an estimated loss of $6.94M (-5.1%). Was this loss the sole reason for the whale to dump Bitcoin now or did the whale know something else?

Currently, the whale holds 7,881 BTC ($439M).

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

Fig 2. The overall BTC trading history of the giant whale 3G98j in the past 2 weeks.

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Giant whale 3G98j quickly deposited 1,000 BTC ($55.36M) back to Binance despite loss

Last synced: Sep 06, 07:56

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