On November 20th, COINOTAG News reported that a significant crypto transaction occurred when a **whale address** (0xf85) executed a **deposit** of 100 WBTC into **Binance**, immediately following Bitcoin’s surge to a new **all-time high**. This transaction, valued at approximately **$9.22 million**, indicates potential selling pressure. The whale has strategically accumulated **1197 WBTC** from various exchanges since February 2023, with an entry cost averaging **$26,395**. Should this latest sale be realized, it would yield a remarkable profit of **$6.58 million**. Notably, the total profit from this whale’s trading activities has now ascended to an impressive **$19.69 million**. Such movements underscore the volatile environment of the **crypto market** and highlight the increasing influence of large-scale investors on price dynamics.
Source: https://en.coinotag.com/breakingnews/whale-moves-100-wbtc-to-binance-after-bitcoin-hits-new-all-time-high-potential-profit-of-6-58-million/