Bitcoin OG deposits 5,152 BTC worth $445M on Binance
Crypto Briefing
A Bitcoin OG deposited 5,152 BTC, valued at $445 million, onto the Binance exchange.Summary
An early Bitcoin investor known as "Bitcoin OG 1011short" transferred 5,152 BTC, valued at approximately $445 million, to Binance on Thursday, according to Arkham Intelligence data. This large deposit to an exchange often suggests potential upcoming selling activity. At the time of the deposit, the trader reportedly held significant long positions across BTC, ETH, and SOL, totaling around $695 million. This movement occurred while crypto markets experienced a brief rally due to easing US inflation, which briefly pushed Bitcoin above $89,000, though the rally quickly faded, with Bitcoin trading around $85,166 at press time and the total market cap dropping below $3 trillion.
(Source：Crypto Briefing)