CandleFocus Whale Deposits $47.9M in Bitcoin to Binance in Strategic Move
2024-09-25
Author: Content Editor
A large cryptocurrency whale has deposited 750 Bitcoin (BTC), worth around $47.9 million, into Binance. This move is seen as profit-taking, as whales often sell off large amounts of BTC on exchanges. The timing suggests the whale is capitalizing on current market conditions and short-term price fluctuations. The whale has been accumulating BTC since early September, buying at favorable prices and waiting for the market to rise. The whale currently holds 3,083 BTC, with an estimated profit of $80.5 million. Whale movements like this can have a significant impact on the market, triggering volatility and influencing other traders.
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