A large bitcoin holder transferred approximately 300 BTC▼$63,556.00 worth over $20 million to a Binance deposit address.
According to Arkham Intelligence, the wallet address “bc1q…kp4n” accumulated nearly 513 BTC between January and March 2025 at an average price of approximately $97,500 per coin. At the time of the transfer, roughly 200 BTC worth about $13.7 million remained in the wallet.
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If the whale decides to sell the transferred coins at the current price of approximately $68,700, the potential loss would be around $15 million. However, the transfer may not necessarily indicate a sale. Possible reasons include an OTC trade, storage rebalancing, or other purposes.
Context of Whale Activity
The transfer occurred amid continued market pressure. Bitcoin (BTC) remains approximately 45% below its all-time high of $126,080 reached in October 2025.
In recent months, large holders have shown increased activity. In March, one wallet moved 2,100 BTC ($147.7 million) that had remained untouched for more than 13 years.
Another whale sent $33 million in BTC to Binance. In November 2025, a different large investor fully liquidated a $1.3 billion portfolio after 14 years of holding.
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Current Market Situation
At the time of writing, bitcoin trades around $68,270, showing a modest 1.6% decline over 24 hours.
Over the past week, the cryptocurrency has risen 2.5%. Over 14 days, it has lost 4%.
Analysts note that institutional and large holders continue to adjust their positions amid geopolitical uncertainty and macroeconomic pressure.
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