An address had been dormant for over a year, then suddenly moved yesterday.
Back when the price was around $89K, it deposited 5,699 coins into Binance and then went quiet. Over the past two days, it withdrew 3,009 coins in five transactions—worth around $228 million. When it withdrew them, $BTC was at $75K–$76K.
The person who deposited the coins near the top has now come back and taken half of them out. A withdrawal doesn’t necessarily mean they’re about to do anything; the coins are now in their own wallet and temporarily off the market.
Coming across something like this in the middle of the night is more interesting than watching the candlestick chart.
#BTC #On-chain data
Back when the price was around $89K, it deposited 5,699 coins into Binance and then went quiet. Over the past two days, it withdrew 3,009 coins in five transactions—worth around $228 million. When it withdrew them, $BTC was at $75K–$76K.
The person who deposited the coins near the top has now come back and taken half of them out. A withdrawal doesn’t necessarily mean they’re about to do anything; the coins are now in their own wallet and temporarily off the market.
Coming across something like this in the middle of the night is more interesting than watching the candlestick chart.
#BTC #On-chain data