According to Lookonchain, a notable BTC whale recently deposited 800 BTC, valued at $74 million, to Binance, incurring a total loss of $25 million. Earlier, between April 10–12, 2024, the whale had withdrawn 2,000 BTC (worth $197.8 million) from Binance at a peak price of $98,896 per BTC and staked it. In the past month, the whale has progressively unstaked and deposited the BTC back to Binance. This activity suggests potential bearish sentiment or liquidity needs. Traders should monitor such movements for potential market impact.

According to Lookonchain, a significant BTC whale deposited the remaining 800 BTC worth $74 million to Binance, marking a substantial trading move that resulted in an overall loss of $25 million. This action follows previous activity in April 2024, where the whale withdrew 2,000 BTC valued at $197.8 million from Binance at a price of $98,896 per BTC and staked it. Recently, the whale began unstaking and gradually depositing the BTC back to exchanges, indicating potential market movements and liquidity adjustments.