$200 Million Bitcoin Whale Transfer Stuns Binance After $125,559 High
On Oct. 5, Bitcoin hit an all-time high of $123,200. A few hours later, one wallet made a transfer that almost eclipsed the record. Address "3NVeX" sent out 1,550 BTC in two installments: 800 BTC first and then 750 BTC. The wallet sent both of them straight to Binance. At market prices, the combined weight was just under $200 million.When the transfers cleared, the wallet balance showed a bit more than 1 BTC. What was a nine-figure position was down to almost nothing in less than an hour.🚨 🚨 🚨 🚨 🚨 800 #BTC (100,021,730 USD) transferred from unknown wallet to #Binancehttps://t.co/V3BF66YbqmBinance became the landing ground for the entire move. On-chain explorers recorded the deposit tags as belonging to the exchange, leaving no doubt about where they were going.Nothing in the transactions suggested any internal changes or intermediary addresses, presenting a rare direct deposit of this scale without additional routing or masking structures attached.Bitcoin price outlookPrice data was key to understanding the move. Bitcoin had reached $125,559 before dropping back to $122,900. That was the market situation that led to the wallet being emptied, a backdrop that reinforced how large transfers often arrive during extreme levels of activity, when record prices open windows for decisive action by significant holders.One address, two transactions, $200 million, balance down to almost nothing. It's a perfect example of how a whale moves: not secretly, not in lots of small jumps, but in broad daylight at the exact moment Bitcoin hit a new price high.