According to Lookonchain, whale address 12d1e4 deposited 1,000 BTC (worth $106.06 million) to Binance two hours ago, continuing a selling trend that began on April 3, 2024. This whale has sold a total of 6,500 BTC ($585 million) and still holds 3,500 BTC ($363.5 million), as verified by intel.arkm.com. These large-scale BTC transfers to exchanges are closely watched by traders, as they often signal potential sell pressure and can impact short-term Bitcoin price action. Market participants should monitor further deposits or sales from major holders for potential volatility. Source: Lookonchain via Twitter, intel.arkm.com.

According to Lookonchain, a notable BTC whale recently deposited 800 BTC, valued at $74 million, to Binance, incurring a total loss of $25 million. Earlier, between April 10–12, 2024, the whale had withdrawn 2,000 BTC (worth $197.8 million) from Binance at a peak price of $98,896 per BTC and staked it. In the past month, the whale has progressively unstaked and deposited the BTC back to Binance. This activity suggests potential bearish sentiment or liquidity needs. Traders should monitor such movements for potential market impact.