BTCUSDT perpetual trading on Binance is still fairly active right now, but a large trade just went through on the spot market.
whale_alert just reported: 1,190 $BTC , worth about $91.87 million, was transferred in one transaction from Coinbase to an untagged, unfamiliar wallet. It happened around 9:58 a.m. Beijing time today.
The destination address looks completely clean on-chain, with no institutional name or exchange markings. The funds have left the side with the most active trading; to dump them again, they would first have to be transferred back.
For the perpetuals order book, first watch whether funding rates and open interest move along with it. The amount of BTC available to sell on the spot market has dropped by nearly $90 million, narrowing the short-term selling-pressure pipeline a bit.
I'm leaning bullish. Someone would rather let such a large amount of BTC sit in an unknown address than leave it on Coinbase, so holders aren't in a hurry to sell right now.
Beginners should observe more and trade less. If you're buying crypto, buy only $BTC .
whale_alert just reported: 1,190 $BTC , worth about $91.87 million, was transferred in one transaction from Coinbase to an untagged, unfamiliar wallet. It happened around 9:58 a.m. Beijing time today.
The destination address looks completely clean on-chain, with no institutional name or exchange markings. The funds have left the side with the most active trading; to dump them again, they would first have to be transferred back.
For the perpetuals order book, first watch whether funding rates and open interest move along with it. The amount of BTC available to sell on the spot market has dropped by nearly $90 million, narrowing the short-term selling-pressure pipeline a bit.
I'm leaning bullish. Someone would rather let such a large amount of BTC sit in an unknown address than leave it on Coinbase, so holders aren't in a hurry to sell right now.
Beginners should observe more and trade less. If you're buying crypto, buy only $BTC .
