A Bitcoin whale moved approximately 300 BTC, worth over $20 million, to a deposit address at Binance on Tuesday. On-chain data indicates the holder acquired the Bitcoin at an average price of around $97,500 during a buying period from January to March 2025. With Bitcoin currently trading near $68,300, the transfer represents a potential realized loss of roughly $15 million, though it may also signal an over-the-counter deal or custody rebalancing.
A significant Bitcoin holder transferred roughly 300 BTC worth more than $20 million to a Binance deposit address. This movement continues a pattern of large holder activity as Bitcoin trades significantly below its peak from last October.
The whale’s wallet accumulated just under 513.3 BTC between January and March 2025. CoinGecko historical data shows Bitcoin traded at an average purchase price of $97,500 during that accumulation window.
The transfer could represent a potential realized loss of around $15.02 million if sold at current prices. Alternative scenarios include an over-the-counter deal or custody rebalancing, with the whale retaining about 200 BTC worth $13.65 million.
This follows heightened whale activity in recent months. In November, a Bitcoin billionaire sold an entire $1.3 billion stash held for 14 years, while a Satoshi-era whale moved $180 million in BTC to Coinbase just two months later.
Last month, a holder moved 2,100 BTC worth $147.7 million untouched for over 13 years. Another whale transferred $33 million worth of BTC to Binance during the same period, unwinding coins from 2013.
Bitcoin currently trades nearly 46% below its all-time high of $126,080 recorded in October 2025. The market faces sustained selling pressure, with Q1 2026 marking the worst quarterly performance for Bitcoin since 2018.
