A whale entity identified as "3NVeX" deposited an additional 2,535 BTC to Binance, bringing its three-day cumulative total to 10,735 BTC, valued at approximately $727.37 million. This massive inflow coincides with a period where Bitcoin investors recorded a seven-day average realized net loss of $2.3 billion. Conversely, Coinbase executed a $39 million Bitcoin purchase, while Changpeng Zhao publicly denied claims that Binance hedges user positions.