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Major Bitcoin holder transferred over $20 million in cryptocurrency to Binance., 2026/04/07 13:25:52
An unidentified significant Bitcoin holder has transferred 300 BTC, valued at over $20 million, from their crypto wallet bc1q…kp4n to a deposit address on the Binance exchange, as revealed by analytics from Arkham Intelligence.
The “Bitcoin whale” now retains approximately 200 BTC, worth around $13.75 million.
From January to March of the previous year, the owner of this wallet accumulated roughly 513 BTC. At that time, their investments in the leading cryptocurrency were estimated at about $50 million, with an average purchase price of one Bitcoin calculated at $97,541, according to The Block.
It remains unclear whether the large holder plans to sell the coins transferred to the trading platform, but such movements of funds typically precede sales. Should the “whale” decide to sell the cryptocurrency, they would incur a loss, as the current Bitcoin price hovers around $69,120—over $28,000 lower than the average purchase price.
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Currently, the largest cryptocurrency in the world is trading at 45% below its all-time high of $124,900, recorded in October.
In March, an unidentified major investor transferred 2,100 Bitcoins ($147.7 million), which had been inactive for more than 13 years. Prior to this, the address conducted a test microtransaction. In the same month, another significant holder moved Bitcoins worth a total of $33 million to Binance.
At the end of March, an unknown large investor, whose address begins with 0x04d8, withdrew altcoins from Binance totaling approximately $16.06 million, nearly depleting their crypto wallet.
Currently, the activity of large Bitcoin holders has decreased to its lowest level since September 2023. Analysts from Santiment have identified this as a sign of caution among “whales,” who are monitoring the geopolitical landscape.
