Whale or Institution Withdraws 283 Bitcoin From Binance, EmberCN Says

According to on-chain analyst Ember CN, the entity withdrew 283 Bitcoin from Binance and accumulated 2,003.2 BTC over 10 days at an average price of $69,923.

BTC

Summary

On-chain analyst Ember CN reported that a whale or institution withdrew 283 BTC from Binance in a transaction valued at $20.52 million. Ember CN also said the same entity accumulated 2,003.2 BTC through Binance over the previous 10 days, with the purchases worth about $140 million at an average price of $69,923 per Bitcoin. No identity for the buyer was provided.

Terms & Concepts
  • Whale: A market participant holding a large amount of cryptocurrency, often capable of influencing trading activity and liquidity.
  • Binance: A major cryptocurrency exchange where users trade, deposit, and withdraw digital assets such as Bitcoin.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.