Whale Dumping Waves
According to the latest on-chain data, a major investor known as the '1011 Whale' has transferred 11,317.98 BTC to Binance in the last 13 hours, valued at $760 million, with an average price of $67,204.14 per BTC.
This is not the first time this whale has stirred market interest. Previously, it faced liquidations worth $230 million. Currently, the wallet still holds $1.3 billion in BTC and $1.58 billion in ETH.
Market Response and Analysis
This large-scale sell-off has triggered widespread discussions in the crypto community. Key observations include:
- Total value dumped in the last month reached $2.41 billion
- Mainly focused on BTC and ETH
- Funds have been directed toward major exchanges like Binance
Industry experts suggest such significant capital movements may notably influence market sentiment and price trends. Investors are advised to closely monitor on-chain activity while assessing market risks rationally.