A cryptocurrency whale has deposited 1,141 Bitcoins, valued at approximately $121.27 million, to the Binance exchange. This transaction resulted in an estimated realized profit of $3.4 million for the large holder.
The massive transfer represents a significant exit by the whale and underscores strategic profit-taking during market activity. Such sizable deposits to exchanges are often monitored as potential indicators of large holders preparing to sell assets.
The data detailing this transaction and the calculated profit was sourced from blockchain analysis firm LookIntoChain.