A major Bitcoin whale has been distributing into strength.
Over the past three days one wallet sold approximately 7,700 $BTC (roughly $576 million), including a fresh 2,700 BTC sale.
This same address has now deposited more than 12,500 BTC to Binance since mid-July.
At the same time, short-term holder inflows to Binance hit their highest level since February — almost entirely from wallets holding BTC for less than a day.
This is classic profit-taking after a sharp rally, not long-term holder distribution.
Traders will be watching whether these exchange inflows continue or slow down near current levels.
Over the past three days one wallet sold approximately 7,700 $BTC (roughly $576 million), including a fresh 2,700 BTC sale.
This same address has now deposited more than 12,500 BTC to Binance since mid-July.
At the same time, short-term holder inflows to Binance hit their highest level since February — almost entirely from wallets holding BTC for less than a day.
This is classic profit-taking after a sharp rally, not long-term holder distribution.
Traders will be watching whether these exchange inflows continue or slow down near current levels.