According to Lookonchain, whale 12d1e4 deposited another 400 BTC, valued at $40.59 million, to Binance six hours ago. Since April 3, 2024, this whale has sold a total of 6,900 BTC worth $625.59 million, signaling significant ongoing selling pressure on the Bitcoin (BTC) market. The whale still holds 3,100 BTC, currently valued at $318.4 million. These large-scale transfers to exchanges typically indicate intent to sell, potentially impacting short-term BTC price volatility and liquidity. Traders should closely monitor further whale movements as they can trigger rapid price fluctuations and affect overall market sentiment. Source: Lookonchain (x.com/lookonchain/status/1936662906281824622)