Dormant Bitcoin Whale Buys 100 BTC On Binance: Market Analysis Points to Potential Surge

A dormant Bitcoin whale has re-entered the market, purchasing a significant amount of cryptocurrency on Binance. This notable transaction involved 100 bitcoins worth $8.33 million, according to analysis shared by @lookonchain on Twitter. A wallet that had been inactive for two years made these transfers from a Binance hot wallet. Analysts are closely monitoring this whale’s activity and the overall Bitcoin market as it may signal upcoming price increases. 100 bitcoins are a considerable transaction volume on an exchange like Binance, and could influence the market direction.