Mysterious BTC Whale Transfers 2,000 Bitcoins to Binance, Could Suffer $40.8M Loss

Whale's 2,000 BTC Transfer Sparks Market Watch

According to the latest data from Lookonchain, an anonymous whale that purchased 2,000 BTC at $109,759 per coin recently moved the entire holding to Binance. The total value of the transaction was initially $219.5 million.

Potential Loss Could Reach $40.8 Million

With Bitcoin's price currently lower, the whale's holdings are now valued at approximately $178.7 million. Analysts suggest that selling now would result in a massive $40.8 million loss. Market observers are closely tracking the whale's movements to anticipate potential price shifts.