TechFlow reports that according to Etherscan monitoring, a whale/institution transferred 1,800 BTC (worth approximately $114 million) into Binance at 1:40 AM, after which the BTC price began to decline, pulling back from $63.8K to the current $62.9K.
Prior to this, between June 20–21, the same whale/institution withdrew 6,725 BTC (worth about $437 million) from Binance and OKX.
However, possibly signaling bearish sentiment, the entity started moving BTC into Binance from June 27. Over the past five days, it has transferred 3,481 BTC (worth $217 million) to Binance at an average price of $62.3K. It still holds 7,867 BTC (worth $494 million).
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