BTC OG Insider Whale May Have Dumped 60% of Bitcoin Transferred to Binance, Seven New Addresses Withdraw $464M in USDT

Onchain Lens monitoring data from February 21 reveals intriguing activity from a mysterious entity dubbed the 'BTC OG insider whale'.

The blockchain analytics platform detected that this whale has apparently processed most of its Bitcoin holdings transferred to the exchange, with approximately 11,318 BTC initially deposited into Binance accounts.

New Wallet Activity Sparks Analysis

Chain analysis shows seven newly-created addresses have withdrawn $464,480,000 worth of USDT from Binance following the whale's movements.

• About $296,130,000 in BTC still remains on the exchange
• Remaining funds could either be withdrawn or maintained long-term
• Transaction patterns suggest sophisticated fund management