Hupzy (manekora)|Nov 12, 2026 03:06
A wallet holding 1,000 BTC since 2022 broke a four-year silence and moved the full balance to Binance — $𝟳𝟯.𝟳𝟴𝗠 at current prices, a fresh exchange inflow from a long-term holder.
https://arkm.com/explorer/address/bc1qwd9jr0gkyh33g99u95mnr7326am0wfw95evhz
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is the second 1,000-BTC deposit to Binance from a long-term holder within days, stacking supply overhang. The cost basis is unknown, so the whale could be taking profit or cutting the position entirely — watch whether this converts to active market selling or Binance absorbs the inflow.
BTC is already absorbing pressure from the earlier 1,929.5 BTC ($143.6M) deposits to Binance and Kraken; another 1,000 BTC adds to the sell-side stack and tightens the setup.
source: lookonchain
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