A bitcoin whale transferred approximately 300 BTC, valued at over $20 million, to a Binance deposit address on Tuesday, according to Arkham Intelligence. The wallet, labeled “bc1q…kp4n,” still retains roughly 200 BTC, worth about $13.75 million.
Between January and March 2025, this wallet accumulated 513 BTC, valued at $50 million at the time, suggesting an average purchase price of $97,541 per bitcoin. While it is unclear if the whale intends to sell, such transfers to exchanges often indicate potential market activity. Selling now would result in a loss, with BTC trading near $68,692.
Whale Activity Trends in Crypto Markets
This move follows a wave of recent whale activity. Last month, a bitcoin wallet moved 2,100 BTC ($147.7 million) that had been dormant for over 13 years. Another whale transferred $33 million in BTC to Binance.
Bitcoin edged down 0.6% in the past 24 hours, maintaining a price near $68,892. Btc remains down roughly 45% from its all-time high of $124,900, recorded in October 2025, reflecting continued volatility and active participation from large holders.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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