According to Lookonchain, a whale deposited 350 BTC (worth $37.17 million) to Binance just one hour ago, following a previous deposit of 1,000 BTC ($104 million) on May 11. Such large-scale transfers to exchanges can signal potential selling pressure, increasing volatility and impacting short-term Bitcoin price dynamics. Traders should closely monitor Binance's order books and large wallet flows, as heightened on-chain activity from major holders may influence spot and derivatives markets in the near term (source: Lookonchain, intel.arkm.com).