Key Points:
- Bitcoin whale withdrew 2,500 BTC this month, now holding $267M despite $2.18M unrealized loss.
- 40% of Binance inflows come from 10–100 BTC wallets, showing rising mid-tier investor activity.
- Long-term holders continue to accumulate coins bought near $100K, signaling strong market conviction.
A Bitcoin whale has withdrawn 600 BTC, valued at approximately $64.22 million, from Binance, according to Onchain Lens. This brings the total withdrawn by the same address over the past month to 2,500 BTC, currently worth $267.77 million. Despite the large volume moved, the whale is currently facing an unrealized loss of around $2.18 million.
Interestingly, the consistent outflows align with recent data showing increased whale presence on Binance. The whale ratio metric, as tracked by CryptoQuant, has reportedly increased by 400% since the summer of 2023, according to analyst oinonen_t.
Mid-Tier Investors Dominate Binance Inflows
Recent data from CryptoQuant shows that 40% of all Bitcoin inflows to Binance now fall in the 10–100 BTC range. This category includes transactions typically linked to high-net-worth individuals, small institutions, or large retail traders. In contrast, only 20% of inflows fall in the 100–1,000 BTC whale bracket.
“Whale-level transactions (10K BTC) spiked on June 16th, representing 83 percent of all inflows,” said oinonen_t.
Meanwhile, these inflows are used to monitor the scale and behavior of different investor segments. The growing share of 10–100 BTC inflows suggests more active participation by mid-tier investors on the platform.
Binance continues to hold a major share of global crypto volume. In 2024, the exchange processed $21.6 billion in user deposits—40% more than the next ten exchanges combined. The average Bitcoin deposit also grew from 0.36 BTC in 2023 to 1.65 BTC in 2024, showing rising activity from larger participants.
Bitcoin Long-Term Supply Climbs to Historic Levels
On-chain analyst Darkfost noted a surge in Bitcoin’s long-term supply. This refers to coins that have remained unmoved for over six months. These holdings are now reaching one of the highest levels ever recorded while Bitcoin trades above $100,000.
Coins currently entering this category were mostly acquired between $95,000 and $107,000.
“Such a strong commitment to holding has only occurred 6 times in Bitcoin’s history,” wrote Darkfost.
This pattern indicates a reluctance to sell, even at current price levels, which may support stability in the short term.
At press time, Bitcoin’s price was trading at $107,175. This reflects a 0.27% decline over the past 24 hours, but a 0.97% gain in the past seven days. Trading volume over the last 24 hours stands at $22.1 billion. The price remains within a narrow range, despite large-scale withdrawals and shifting inflow dynamics.
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Source: https://coincu.com/345494-bitcoin-whale-pulls-267m-as-lth-rise/