Crypto Wallet Moves 300 Bitcoin to Binance at an Implied $8.82 Million Loss

Crypto Wallet Moves 300 Bitcoin to Binance at an Implied $8.82 Million Loss

Arkham Intelligence data indicates the wallet sent 302.422 BTC to Binance after buying about 513 BTC between January and March 2025, while the remaining position showed an unrealized loss of roughly ¥1.4 billion.

BTC

Fact Check
The strongest usable evidence in this run is BlockBeats' flash page '某巨鲸向Binance存入302.4枚比特币,全仓浮亏约856万美元', which explicitly states the same core figures as the claim: 302.4 BTC sent to Binance, prior accumulation of 523.7 BTC at roughly $97,000 average cost, and losses in the mid-$8.5 million range. In addition, both Odaily links were successfully traced to specific upstream X posts from EmberCN and OnchainDataNerd, which supports that these reports were based on named on-chain analysts rather than invented by aggregators. However, because the X posts themselves and The Block page could not be fetched successfully in this run, I could not directly validate the primary posts' exact wording or the claimed $8.82 million figure versus the corroborated $8.56 million figure. That makes the overall claim likely true in substance, but not fully confirmed to the precise dollar amount from primary-source fetches here.
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Summary

A Bitcoin wallet transferred 302.422 BTC worth about ¥3.2 billion to a Binance deposit address, according to Arkham Intelligence data. The updated data shows the wallet accumulated about 513 BTC at an average price of $97,541 between January and March 2025, revising the previously cited purchase period and position size. The source says the wallet remained at an unrealized loss of about ¥1.4 billion after the transfer.

Terms & Concepts
  • Bitcoin wallet: A digital wallet used to store and transfer Bitcoin by managing the private keys that control the coins.
  • Binance deposit address: A wallet address provided by Binance so users can transfer crypto onto the exchange for trading or custody.
  • Unrealized loss: A paper loss on assets that are still held and have declined in value compared with their purchase price.