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Dormant Whale Moves $15.79M in Bitcoin from Binance After Year of Inactivity

According to Onchain Lens, a large Bitcoin holder shifted 171 BTC worth nearly $16 million from Binance after being inactive for a year.

BTC

Summary

On December 3, Onchain Lens reported that a Bitcoin whale moved 171 BTC, valued at $15.79 million, from Binance following a year of inactivity. This notable transfer marks the reactivation of a major holder in the Bitcoin market.

Terms & Concepts
  • Whale: A term for an individual or entity holding large quantities of a cryptocurrency, whose transactions can influence market prices.
  • Bitcoin (BTC): The first and largest cryptocurrency, operating on a decentralized blockchain and used as a store of value and medium of exchange.
  • Binance: One of the world's largest cryptocurrency exchanges, providing trading services for various digital assets.