Major Whale Withdraws 500 BTC from Binance, Totaling $355M Over 3 Months

According to Lookonchain, a whale address starting with bc1q5r pulled 500 BTC on August 12, joining a series of significant withdrawals totaling 3000 BTC over the past three months.

BTC

Summary

A major whale address starting with bc1q5r withdrew 500 BTC from Binance on August 12, valued at approximately $59.53 million, according to Lookonchain. Over the past three months, the whale has withdrawn 3000 BTC, totaling around $355 million at an average price of $109,895 per BTC.

Terms & Concepts
  • Whale: A large investor whose transactions can significantly influence market dynamics.
  • BTC: The ticker symbol for Bitcoin, the primary digital asset in the cryptocurrency market.