Recently, on-chain analytics platform Onchain Lens detected another significant movement by a long-term Bitcoin holder, reigniting interest in the crypto community.
This wallet address, linked to an early Bitcoin adopter, transferred 15,000 ETH (worth approximately $33.35 million) to Binance. According to analysts, these funds are likely being used to settle outstanding loans.
Details of the Large Transfer
Within just 7 hours, this entity moved a total of 35,000 ETH to Binance, valued at around $78.31 million. At the same time, it withdrew $82.39 million worth of USDT and USDC stablecoins, presumably to cover loan repayments.
- Single deposit: 15,000 ETH (~$33.35M)
- Total deposits in 7 hours: 35,000 ETH (~$78.31M)
- Total stablecoin withdrawals: $82.39M
These transactions highlight the continued market influence of major crypto holders and raise questions about potential price impacts across multiple digital assets.