- A large Bitcoin holder transferred 300 BTC, worth over $20 million, to a Binance deposit address on Tuesday.
- If sold at current prices, the move could lock in a loss of roughly $15 million, based on the whale’s higher average purchase price.
- This activity is part of a broader trend of significant holder movements as Bitcoin trades 45% below its October 2025 all-time high.
- The whale’s remaining holdings are approximately 200 BTC, valued at around $13.65 million.
A notable Bitcoin whale moved 300 BTC, valued at more than $20 million, to a Binance deposit address on Tuesday, signaling potential selling pressure. This transaction continues a pattern of large-holder activity during the market’s ongoing downturn.
According to Arkham data, the wallet accumulated these coins between January and March 2025 at an average price of $97,500, based on CoinGecko historical data. Consequently, selling at Bitcoin’s current price near $68,300 would realize a substantial loss.
However, the transfer could also indicate an over-the-counter deal or a custody rebalancing instead of a direct market sale. The entity still holds about 200 BTC worth approximately $13.65 million in the original wallet.
Meanwhile, recent months have seen similar significant movements, including a holder who moved 2,100 BTC worth $147.7 million after 13 years of inactivity. Another whale also transferred $33 million in BTC to Binance recently.
These transactions coincide with Bitcoin’s steep decline from its record peak of $126,080 last October. The market’s poor performance in Q1 2026 marks its worst quarterly showing since 2018.
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