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BTC just surged to a new high of $125,559, and a big whale immediately started dumping. This guy sold 1,550 Bitcoins (worth nearly 200 million USD) in two transactions directly into Binance within 2 hours, leaving only 1 BTC in his wallet.
800 BTC → Binance, 750 BTC → Binance, not a single one missed. On-chain data shows this is not a complicated operation, just straightforward buying and selling — no intermediaries, no cover, operations during the day.
Interestingly, this transfer coincided with the BTC hitting a new all-time high. Is it a case of buying at the top and running away? Or are institutions offloading at a high position? This operation indeed has some substance. Is there a big player analyzing the logic behind this?