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.

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).