Monitoring service Lookonchain reported significant Bitcoin movement from a single entity, often referred to as a ‘whale,’ towards the exchange Binance. Over the course of several days, this entity transferred substantial sums totaling 2,750 BTC.
The activity involved two distinct transactions. First, 1,550 BTC was transferred from the wallet address to Binance. Shortly afterwards, the same wallet sent an additional 1,200 BTC to Binance within a concentrated 7-hour period.
These consecutive large transfers amount to a substantial injection of Bitcoin liquidity onto the exchange platform. Large deposits by whales are closely monitored by market participants as potential indicators of impending selling pressure or liquidation activities.