According to Lookonchain, the Tether Lending Collateral Custody wallet transferred another 200 BTC, worth $20.88 million, to Binance eight hours ago. Since Bitcoin surpassed the $100,000 mark on May 9, this wallet has deposited a total of 1,650 BTC, valued at $174.7 million, to Binance. These significant deposits suggest increased liquidity and potential selling pressure on Binance, which could impact short-term Bitcoin price action and overall crypto market sentiment (source: Lookonchain, intel.arkm.com).

According to The Data Nerd, a cryptocurrency whale identified as 3Ps78 recently deposited 1,485 BTC, valued at approximately $138.83 million, to Binance. The whale's average entry price for these BTC holdings was $73,140. Given the current market price, if the whale sells all the BTC, they could realize a profit of around $30.21 million. This significant deposit could impact BTC liquidity and market sentiment, potentially influencing trading strategies.