Dormant whale deposits 300 BTC to Binance amid $14.7M loss

A whale address that had been dormant for a year has deposited 300 BTC, worth approximately $20.61 million, to Binance, Lookonchain reported. The address accumulated a total of 513 BTC for $50.06 million by purchasing the asset daily between Jan. 11 and March 2 of last year at an average price of $97,542. The wallet is currently sitting on an unrealized loss of around $14.76 million.