According to Lookonchain, a whale deposited 700 BTC, valued at $72.72 million, to Binance just 25 minutes ago and now holds a total of 4,500 BTC ($467.3M) in assets. Such large deposits to exchanges are often seen as an indicator of potential selling pressure, which traders should monitor closely for short-term Bitcoin price volatility. The movement of these funds could influence BTC spot and futures trading volumes on Binance and impact overall sentiment in the cryptocurrency market. (Source: Lookonchain, x.com/lookonchain/status/1924082358858473930)