Whale's Massive Bitcoin Sell-Off Sparks Market Watch
According to latest data from Onchain Lens, the crypto whale known as "1011 Insider Whale" has recently executed a significant BTC divestment, offloading approximately 60% of its bitcoin holdings and drawing widespread attention from the crypto community.
The entity initially deposited 11,318 BTC on Binance, valued at around $760 million at the time. Subsequently, the funds were split into smaller transactions and withdrawn across seven newly created addresses as $464.48 million in USDT.
Current Holdings and Potential Moves
The whale's current BTC holdings on Binance are estimated to be worth around $296 million. Analysts are closely observing its future activities, suggesting these movements could signal broader market shifts or further fund redistribution.
- Disposed approximately 60% BTC holdings
- Withdrew $464 million in USDT through 7 new addresses
- Current Binance BTC balance valued at $296 million