Whale nets estimated $3.5M profit two days after buying BTC dip

An anonymous whale address (starting with bc1qkg4h) is estimated to have realized a $3.5 million profit after depositing 1,656 BTC to Binance three hours ago, Lookonchain reported. The whale had acquired the BTC, valued at $98.93 million, at an average price of $59,734. Deposits to exchanges are typically interpreted as an intention to sell.