An on-chain movement of 600 BTC was noted by Whale Alert, connected to BIT.com. The transfer involved a minimal fee of about 0.43 USD and raised curiosity on the market regarding the market intentions behind this deposit.
Despite having about 1,197 BTC remaining, the large transfer to Binance led traders to speculate potential selling pressure, indicating possible market moves. However, no additional transfers have occurred from Binance’s address.
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