Crypto Whale Sends 188 WBTC To Binance After 4 Years

What did the whale move and from where?

According to on-chain data from ChainCatcher, a crypto whale—an address holding a large amount of crypto assets—transferred 188.2 WBTC (Wrapped Bitcoin) to Binance over the span of two days. This is significant because it marks the movement of long-dormant assets from cold storage to an exchange, often signaling a possible sell-off.

Accumulated in 2021, doubled in value

This whale originally received the WBTC in April 2021, when the average Bitcoin price was around $56,420. The recent transfer to Binance occurred when the average price was about $114,498 per BTC—nearly double.

As a result, the whale has realized a profit of approximately $10.93 million, simply by holding the assets for four years.

Market signal: Profit-taking underway?

Large transfers like this often grab the attention of the crypto community. When whales move assets from cold wallets to exchanges, it typically indicates an intent to sell or take profit.

In bull markets, this behavior can lead to short-term price corrections, especially if the selling pressure is high. It’s also a signal that long-term holders might be starting to exit positions as Bitcoin continues to rise.