According to @lookonchain, whale wallet 12d1e deposited 1,000 BTC (worth approximately $106.06 million) to Binance three hours ago. This whale originally accumulated the BTC three years ago at an average entry price of $18,665 per coin. If all 1,000 BTC are sold at current market prices, the realized profit would be around $87.39 million, representing a 468% ROI (source: @lookonchain, June 2024). The whale still holds 3,000 BTC (about $310.9 million) with significant unrealized profit. This large deposit may signal potential market volatility and increased selling pressure on BTC, prompting traders to monitor for short-term price movements and assess risk management strategies.

According to Lookonchain, Abraxas Capital borrowed 240 million USDT from Aave and transferred the full amount to Binance within the last 24 hours (source: x.com/lookonchain). This substantial capital movement signals a major liquidity event on Binance, which could impact ETH trading volumes and price action if Abraxas Capital initiates large-scale Ethereum purchases. Traders should monitor ETH order books and blockchain inflows for potential volatility and short-term trading opportunities driven by this significant USDT deposit.