COINOTAG reports on November 4th that recent data from Onchain Lens reveals a significant movement in the crypto market. Just two hours ago, a notable whale executed a transfer of 100 BTC to Binance, valued at around $6.9 million. This transaction follows a notable trend; last month, the same whale deposited a substantial 5611.34 BTC into Binance, translating to approximately $374 million at an average price of $66,669 per Bitcoin.
As of now, the whale’s remaining holdings include 4880 BTC, worth about $337 million. Such movements are critical indicators for market participants, as they often reflect confidence or strategy within the cryptocurrency landscape. Investors should assess these transactions carefully, as they can influence market sentiment and trading strategies in the evolving crypto ecosystem.
Source: https://en.coinotag.com/breakingnews/whale-movement-100-btc-transfer-to-binance-highlights-ongoing-337-million-holdings/