chainmonitoring
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Whale Transfers Significant Bitcoin Holdings to Centralized Exchange
According to BlockBeats’ on-chain monitoring, the blockchain entity identified as “1011 Insider Whale” has recently transferred a significant amount of $BTC to centralized exchanges (CEXs). In the latest transaction, the whale deposited 500 $BTC valued at approximately $54.98 million, into a centralized exchange wallet.
This activity forms part of a broader pattern observed over the past three weeks, during which the same entity has moved a cumulative total of 6,503 $BTC —equivalent to about $726.54 million at current market prices—to multiple CEX platforms.
Such large-scale transfers by a single wallet often attract attention from market analysts and traders, as they can indicate potential selling pressure or strategic portfolio reallocation by high-net-worth holders.
#BlockBeats
#chainmonitoring
#bitcoin
#CEX
#WhaleTransfer
According to BlockBeats’ on-chain monitoring, the blockchain entity identified as “1011 Insider Whale” has recently transferred a significant amount of $BTC to centralized exchanges (CEXs). In the latest transaction, the whale deposited 500 $BTC valued at approximately $54.98 million, into a centralized exchange wallet.
This activity forms part of a broader pattern observed over the past three weeks, during which the same entity has moved a cumulative total of 6,503 $BTC —equivalent to about $726.54 million at current market prices—to multiple CEX platforms.
Such large-scale transfers by a single wallet often attract attention from market analysts and traders, as they can indicate potential selling pressure or strategic portfolio reallocation by high-net-worth holders.
#BlockBeats
#chainmonitoring
#bitcoin
#CEX
#WhaleTransfer
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