Whales Get Moving 2

BINANCE GAMES or FEAR OF WHALES?

STIPS|Oculus BTC Blockchain Screener has revealed that in the night of June 18, 24 large outgoing transactions (over 40,000 BTC) were made using the mixing system (that is, dilution of a large amount into smaller ones and their gradual accumulation on a single wallet).

We have found out that starting from the 3DnGFVi6S6kXASDzGYxXsibiseiN9TGc9f wallet and the amount of 56,893 BTC from 02:09 UTC a part of small amounts up to 500 BTC was transferred to the BINANCE hot wallet (1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s), and large amounts, minus these 500, were sent to the next wallet and the operation repeated there. Over 5,000 BTC were sent to the BINANCE hot wallet over a night using this system.

Interestingly, last time when such transactions were revealed (on May 30, 2019) the BTC price dropped by $1,000 and remained flat for 2 weeks.
From all that has been said above, it can be assumed that at the current price whales chose the best time for fixing a certain amount of BTC. We recommend to monitor the price and be ready to the price flash crash.

According to another version, transfers to BINANCE are associated with the creation of a new token by the exchange — Bitcoin-pegged token BTCB (on the BEP-2 Protocol). For these purposes, the exchange needs to accumulate a large number of BTC, this is what it does.