According to The Data Nerd, on-chain data shows that whale 3NVex deposited 800 BTC, valued at approximately $83.73 million, into Binance and Cobo within the last 30 minutes (source: @OnchainDataNerd, June 20, 2025). Such significant transfers to exchanges are typically interpreted by traders as a potential signal for increased selling pressure on Bitcoin (BTC), which may affect short-term price action and overall market sentiment. Traders should closely monitor BTC price movements and order book activity on Binance for possible volatility following this large deposit.