A Bitcoin whale that had been dormant for over a year has made a move again. According to monitoring by Lookonchain, address 3Ps78K…hm9F continued buying $BTC on November 6 (UTC+8), accumulating about 3,009 BTC that day, worth approximately $228 million at the time. On-chain data shows multiple transfers from Binance hot wallets. PANews, Odaily, and ChainCatcher also reported the same activity that evening, while reports from TechFlow and others emphasized that the transfers were split into multiple transactions, all from Binance hot wallets.
This was no small short-term trade: after lying dormant for more than a year, the address suddenly moved a position worth around $228 million in one go, suggesting that an old player has resurfaced. By comparison, at around 13:05 on November 7 (UTC+8), Bitcoin was trading at about 75,900 on Binance spot, roughly unchanged from 24 hours earlier. At the same time, $ETH was around 2,244, BNB around 695, and SOL around 90. Major coins were steady and moving sideways, with no sudden surge or plunge in response to the whale news.
Large withdrawals from an exchange do not mean an immediate sell-off, nor do they confirm that the market has bottomed. Only two things can be verified: an address that had been dormant for a long time has moved, and it has moved significantly. It remains to be seen whether it will continue buying or send funds back to exchanges—those two developments offer more insight than a one-day headline and are more worth watching. The publicly visible address fragment is 3Ps78K…hm9F, so you can verify it yourself using an on-chain explorer.
#BTC #巨鲸 #币安 does not constitute investment advice.
This was no small short-term trade: after lying dormant for more than a year, the address suddenly moved a position worth around $228 million in one go, suggesting that an old player has resurfaced. By comparison, at around 13:05 on November 7 (UTC+8), Bitcoin was trading at about 75,900 on Binance spot, roughly unchanged from 24 hours earlier. At the same time, $ETH was around 2,244, BNB around 695, and SOL around 90. Major coins were steady and moving sideways, with no sudden surge or plunge in response to the whale news.
Large withdrawals from an exchange do not mean an immediate sell-off, nor do they confirm that the market has bottomed. Only two things can be verified: an address that had been dormant for a long time has moved, and it has moved significantly. It remains to be seen whether it will continue buying or send funds back to exchanges—those two developments offer more insight than a one-day headline and are more worth watching. The publicly visible address fragment is 3Ps78K…hm9F, so you can verify it yourself using an on-chain explorer.
#BTC #巨鲸 #币安 does not constitute investment advice.
