Bitcoin whale transfers $16.44 million in BTC to Binance after further sales

  • A Bitcoin whale transferred 209.1 BTC worth approximately $16.44 million to Binance before the Sept. 9 report.
  • The whale sold 329.1 BTC over three months at an average $75,392, generating approximately $12.94 million in realized profit.
  • The activity followed $24.1 million in WBTC sales since Aug. 10 and earlier purchases of 179.8 BTC for $14.2 million.

A Bitcoin whale transferred 209.1 BTC worth approximately $16.44 million to Binance about half an hour before the Sept. 9 report, according to EmberCN monitoring cited by BlockBeats. The transfer followed cumulative sales of 329.1 BTC over three months at an average price of $75,392. The Bitcoin was accumulated in 2022 at an average price of $36,066, generating approximately $12.94 million in realized profit and a 109% return. Separately, the whale had sold $24.1 million worth of WBTC on Binance since Aug. 10, including an estimated additional 30.1 WBTC worth $2.37 million. Earlier reports said the whale resumed buying after an eight-month pause by purchasing 179.8 BTC for $14.2 million and retained 74.32 million USDC. Reports differ on its earlier Ethereum liquidation, citing either 56,000 ETH sold for a $19.02 million profit or 50,600 ETH sold at an average price of $2,921 at the end of last year.

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