Whale Deposits 4,000 Bitcoin Worth $327 Million to Exchanges

A whale deposited 4,000 Bitcoin (BTC), valued at about $327 million, to Binance and Deribit over a five-hour period, creating a sizable potential source of sell-side supply. The deposits mark coins arriving at exchange venues, where they can be made available for trading. The transfer alone does not confirm that the holder sold the BTC, so the reported development is a potential source of supply rather than a completed sale. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.