An intriguing development has caught the crypto community’s attention as a Bitcoin whale deposited a substantial amount of BTC on the world’s largest crypto exchange, Binance. This significant move has sparked speculation about potential selling pressure and the subsequent impact on Bitcoin’s price. Notably, the massive deposit was recorded when Bitcoin showed signs of a rebound following its recent losses in the past week. Whale Moves BTC To Binance According to renowned on-chain analyst Lookonchain, a notable Bitcoin whale made a deposit of 1,750 BTC which is worth over $48 Million, on the Binance exchange a few hours ago. This occurrence has raised concerns among market observers, as large transactions can indicate imminent selling pressure. Related Reading: Bitcoin whale moves BTC to Binance exchange The on-chain data analyst further reveals this whale has a history of triggering sudden moves in the price action. On April 21, the same individual deposited a staggering 5,791 BTC (equivalent to $163 million), leading to a subsequent 3% drop in Bitcoin’s price within five hours. Notably, Lookonchain says this whale has a history of ..
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