According to @OnchainLens, a newly created wallet withdrew 600 BTC worth about $53.84 million from Binance to address bc1qwhha92cx40prme2y5h4qdqegxurde3y5zn4wk5 on Dec 29, 2025 (source: Onchain Lens). Based on the figures reported, the transfer implies an average value near $89,733 per BTC, useful for gauging whale cost basis in the short term (source: Onchain Lens). The 600 BTC withdrawal equals roughly 133 percent of current daily Bitcoin issuance of about 450 BTC since the April 2024 halving, underscoring its size versus new supply (source: Bitcoin.org and Bitcoin Core documentation). Large exchange outflows reduce coins held on-exchange and are tracked by traders to assess immediate sell-side liquidity on that venue (source: Glassnode Academy). For trade monitoring, watch Binance BTC exchange netflow and order book depth to see if outflows persist or reverse, as tracked by analytics providers such as CryptoQuant and Glassnode (source: CryptoQuant and Glassnode).

According to @OnchainLens, on Nov 8, 2025, Owen Gunden deposited 600 BTC valued at $61.17M into Kraken, with the transfer and labeling referenced via Arkham Intelligence’s entity page for Owen Gunden (source: @OnchainLens; Arkham Intelligence). According to @OnchainLens, Arkham Intelligence also shows the identified entity still holds 6,050 BTC valued at $618.78M after this additional deposit, confirming a sizable remaining on-chain balance under the same label (source: @OnchainLens; Arkham Intelligence).