mignolet|Feb 07, 2026 10:02
Did Whale 2 see my post?😅😅😅
A total of 5,000 BTC has now been deposited into Binance, and this wallet belongs to the entity I’ve been referring to as Whale 2.
This is the same whale that, between October 8 and October 21 last year, sold around 11,000 BTC near the market peak through Binance, Hyperliquid, and Coinbase.
I honestly expected the remaining ~20,000 BTC to be sold in the next cycle,
but instead, this whale has sold another 5,000 BTC at this point.
The 5,000 BTC deposit itself is not a positive sign.
What concerns me more is that in the past, moves by this whale were often followed by related activity,
and those periods came with high volatility.
One more thing worth noting:
during the 2021 cycle, this whale sold only about 33 BTC.
So why is it selling so aggressively only in this cycle?
That question is still open.
To avoid creating unnecessary FUD,
I will also share the actual deposit records from October 8 to October 21.(mignolet)
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