Large-scale Bitcoin transfers totaling over $189 million from Galaxy Digital and a whale address underscore ongoing significant activity on the Binance exchange.
A whale address identified as 3NVeX deposited 2,500 BTC worth approximately $172.56 million to Binance, with an average cost basis of $81,683, realizing a loss of about $31.65 million, according to OnchainDataNerd. Around the same period, Galaxy Digital sent 245 BTC worth $16.91 million to Binance and has transferred a total of 1,680 BTC valued at roughly $148.58 million over the past seven months. The combined transfers highlight substantial and continuous Bitcoin movement into the exchange.