A mysterious whale just funneled 6,494 BTC into Binance, triggering massive sell-off fears

Over three weeks, a Bitcoin address took in more than 6,494 BTC and moved its full confirmed balance, with nearly all of the traced coins traveling through transactions that also paid a wallet historically attributed to Binance.

The flow was worth roughly $423 million, placing a substantial block of BTC within reach of exchange infrastructure. The ledger cannot identify a single owner, distinguish a customer deposit from Binance’s own wallet staging, or reveal trades executed inside the venue.

Lookonchain surfaced the address early Sunday and described its owner as a mysterious whale that was possibly a miner. The transaction history establishes the scale and route, while leaving those ownership descriptions uncorroborated.

How the Bitcoin address moved

The record for the Bitcoin address shows 45 confirmed incoming outputs totaling 6,494.34685667 BTC between July 19 and Aug. 8. Across its 70 confirmed transactions, the address subsequently spent the same total and held a zero confirmed balance at the reporting snapshot.

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