Significant investor activity continues to attract attention in the cryptocurrency market. According to recent data, a Bitcoin whale transferred over $20 million worth of $BTC to the Binance exchange.
According to blockchain analytics platform Arkham Intelligence, a wallet with the address “bc1q…kp4n” transferred approximately 300 $BTC to a Binance investment address today. The wallet reportedly still holds around 200 $BTC, which is worth approximately $13.75 million at current prices.
According to the analysis, this wallet accumulated a total of 513 $BTC between January and March 2025. These purchases are estimated to be worth approximately $50 million during that period, with an average purchase price of $97,541.
Experts say that transfers made by large investors to exchanges are generally considered to be preparations for a sell-off. Given that Bitcoin is currently trading at around $68,692, it is noted that a potential sell-off could result in a loss.
This development stands out as part of a recent surge in whale activity. Last month, 2,100 $BTC were transferred from a long-inactive wallet, while another large investor moved $33 million worth of $BTC to Binance.
According to market data, Bitcoin has fallen 0.6% in the last 24 hours, still trading 45% below its peak of approximately $124,900 reached in October 2025. Experts note that whale activity could put pressure on the price in the short term.
*This is not investment advice.