Over 4,200 Bitcoin Worth $285.66M Moved to Binance From Known Whale Address
Blockchain analysts note escalating whale activity, with large USDT and ETH deposits to Binance-linked addresses highlighting potential market-impacting moves.
BTC
ETH
USDT
Fact Check
The assessment is based on strong, consistent evidence from multiple relevant and authoritative sources. Two separate news feeds on CoinGecko, a highly credible crypto data aggregator, explicitly confirm the transfer of 4,200 BTC and identify the on-chain analysis firm 'Lookonchain' as the original source. This provides strong, corroborated evidence. Furthermore, a news flash from the BingX crypto exchange independently reports the same event, specifying the transfer of 4,200 BTC valued at approximately $285 million to Binance from a 'BTC OG insider whale'. The consistency across these three independent, high-relevance sources makes the statement highly credible. The remaining sources are irrelevant to the specific claim. Several mention the number '4,200' but in unrelated contexts, while others discuss entirely different topics. There is no conflicting or contradictory evidence provided.
Summary
A whale previously liquidated for $230 million deposited 69.08 million USDT to a Binance-linked address, alongside transferring 10,000 ETH. The combined transfers over the last 11 hours total $89.47 million. These movements follow earlier reports of the same whale withdrawing 55 million USDC and depositing 5,000 BTC worth $350 million to Binance, as well as the '1011 insider whale' sending 4,200 BTC worth $285.66 million to the exchange. Analysts continue to monitor these large-scale transfers for potential implications on market liquidity and price volatility.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, the first and largest decentralized cryptocurrency.
- Binance: A leading global cryptocurrency exchange offering trading for hundreds of digital assets.
- USDT: Tether, a stablecoin pegged to the U.S. dollar, widely used for crypto trading and transfers.