Whale deposits 2,000 BTC to Binance, facing potential $40.8M loss

An anonymous whale has deposited 2,000 BTC, worth approximately $178.7 million, to Binance, according to on-chain analytics firm Lookonchain. The whale, identified by an address beginning with "bc1q8g," acquired the BTC about three months ago at a price of around $109,759 per coin. A sale at current prices would realize a loss of $40.8 million for the investor.