Whale Moves Another $225M in Bitcoin to Binance, Total Reaches $850M Since Mid-July

BitcoinWorld Whale Moves Another $225M in Bitcoin to Binance, Total Reaches $850M Since Mid-July An unidentified Bitcoin whale has transferred an additional 3,000 BTC, valued at approximately $225.67 million, to the Binance exchange over the past two hours, according to on-chain data from Lookonchain.

This latest move brings the total deposits from this specific address to 12,513.5 BTC, or roughly $850 million, since July 19.

Understanding Whale Movements to Exchanges In cryptocurrency markets, large transfers to exchanges are often interpreted as a precursor to selling, as traders move assets onto platforms where they can be liquidated.

However, the actual intent behind such deposits is not always straightforward. Some whales may transfer funds for other reasons, such as collateral management, over-the-counter (OTC) trades, or moving assets between wallets associated with different services.