Bitcoin Whale Moves $98 Million in Binance Outflow After Yearlong Lull

A Bitcoin (BTC) whale wallet that had been inactive for more than a year withdrew 1,286 BTC from Binance on Friday, Nov. 6, in a transfer valued at about $98.03 million.

The wallet had previously deposited 5,699 BTC to Binance, valued at about $509 million at an average deposit price of $89,291 per coin.

The average attached to Friday’s withdrawal was $13,061 per BTC below the earlier deposit average, a gap of about 14.6%. The figures describe transfer values and do not show the wallet’s original acquisition cost.

The two transactions show movement in opposite directions: the earlier deposit sent BTC onto Binance, while the latest withdrawal moved coins off the exchange. Traders track exchange outflows as signals of changes in large-wallet activity, but a withdrawal alone does not record a sale or disclose what the holder plans to do with the coins.