Just a week after the $6.34 billion theft from Binance, a whale that had been dormant for over a year suddenly emerged, withdrawing 3,009 BTC from Binance. This address made five separate withdrawals from Binance's hot wallet today, totaling 3,009 BTC, worth approximately $228 million. Prior to this, the same address had already withdrawn approximately 1,286 BTC from Binance within 24 hours, not all at once, but in several separate transactions. Consider the timing: Thursday, a day of sharp declines in US tech stocks, with the Nasdaq falling approximately 5.5% in a single day. BTC followed suit, falling below $76,000. Approximately $1.26 billion in positions were liquidated across the network in 24 hours, including about $1.12 billion in long positions. The US spot BTC ETF saw a net outflow of approximately $430 million on the same day. Long positions were being liquidated, ETFs were being redeemed, and the whale was withdrawing its funds. On October 29th, Binance was hacked, losing approximately $6.34 billion. Hackers breached its internal wallet signature system. Binance stated that about 98% has been recovered, and users are not liable for the losses. However, since that day, many have been questioning the safety of storing cryptocurrency on exchanges. Therefore, these 3009 coins could be a case of bottom-fishing, or simply a "transfer" of assets—both explanations are plausible. On-chain data only shows that the coin left Binance, not when or at what price it was bought. Looking at a longer timeline, BTC surged to an all-time high of approximately 126,000 last October, then fluctuated repeatedly, briefly dropping to around 60,000 in February this year, and now returning to around 75,000. This address remained inactive for over a year, barely making a move throughout the entire period, only recently activating. External pressures haven't subsided either; Friday's October non-farm payrolls showed 165,000 new jobs, far exceeding the expected 65,000. CoinDesk suggests this makes a December rate hike by the Federal Reserve a viable option again. The real question isn't how much they raise, but whether they'll continue moving if BTC falls further, or become the next victim of a losing position. BTC Whales, Binance, On-chain Data, Bitcoin This article is sponsored by AVE https://share.ave.ai?lang=en&code=nancy.c0813