Bitcoin Whale Abruptly Moves Over $1,140,000,000 in BTC – Here’s Where the Crypto Is Going

Bitcoin Whale Abruptly Moves Over $1,140,000,000 in BTC – Here’s Where the Crypto Is Going


A deep-pocketed Bitcoin (BTC) investor is suddenly moving over $1 billion worth of BTC to Binance, the world’s largest crypto exchange platform by volume.

Whale-surveying network Whale Alert finds that the high-net-worth trader initiated a massive transfer last night and abruptly moved 68,200 BTC worth about $1.15 billion at time of writing from an unknown crypto wallet to Binance.

Ki Young Ju, the chief executive of market intelligence firm CryptoQuant, offers an explanation as to why such a large amount of BTC was suddenly shifted.

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According to Ju, the movement represents actions from customers who are in an “urgent situation” rather than that of the crypto exchange itself or its CEO, Changpeng Zhao.

“59,151 BTC just unpegged from BTCB and flowed into Binance. BTCB

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