Bitcoin Whale Transfers $161M to Binance After $39M Loss

A Bitcoin whale identified as “bc1qhx” has transferred 2,480 BTC, valued at approximately $161 million, to Binance. The move comes just a month after the investor acquired 2,500 BTC for about $202 million at $80,936 per coin.

Following the recent price decline, the remaining holdings were sent to the exchange, locking in a loss of more than $39 million on the Bitcoin position.

Source: Lookonchain