Bitcoin Whale Withdraws $30.44 Million From Binance
According to the latest on-chain data, the tracked wallet has withdrawn 2,634.7 BTC from Binance over 14 days, with the position showing an estimated unrealized profit of about $9.05 million.
BTC
Fact Check
The transaction is documented by multiple independent financial news platforms (Futu News, MEXC, Coinlive) all citing 'Onchain Lens' as the primary monitoring source. The specific details—413.7 BTC withdrawn, 2,417 BTC total holdings, and the 41-day accumulation period—are identical across all sources.
Summary
New on-chain data indicates the tracked Bitcoin whale or institution withdrew a total of 2,634.7 BTC from Binance over 14 days, valued at about $186 million. The latest reported transfer was 217.7 BTC worth $16.04 million. The wallet’s average buy price was estimated at about $70,805, leaving the position with an unrealized profit of roughly $9.05 million. These figures materially expand on the earlier report that the address had withdrawn 413.7 BTC and accumulated 2,417 BTC.
Terms & Concepts
- Bitcoin whale: A wallet or investor holding a very large amount of Bitcoin, often monitored because major transfers can influence market sentiment.
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
- Binance: A major cryptocurrency exchange used for trading, deposits, and withdrawals of digital assets.