Bitcoin Whale Empties $200 Million Wallet as Prices Hit Record High

• Bitcoin whale transfers $200 million as prices hit record highs.
• Massive 1,550 BTC moved directly to Binance without intermediaries.
• Wallet emptied within an hour, signaling potential major market shift.

Bitcoin’s record-breaking rally took a dramatic turn when a major holder moved nearly $200 million worth of BTC within an hour. According to on-chain data, wallet address “3NVeX” initiated two large transactions that together drained almost its entire balance.

The first transfer involved 800 BTC, followed shortly by another 750 BTC, both sent directly to Binance. Each deposit carried identifiable exchange tags, confirming Binance as the destination. There were no intermediary wallets or complex routing patterns, which made the transfer stand out as a rare, open transaction of this magnitude.

At the time, Bitcoin had surged to an all-time high of $123,200 before touching $125,559 and then retreating to around $122,900. This market behavior often triggers significant whale movements as traders seize opportunities to secure profits at elevated price points.

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After both transfers cleared, the 3NVeX wallet showed a balance of slightly above one Bitcoin, effectively reducing a nine-figure position to almost nothing in less than an hour.

A Clear Signal Amid Market Volatility

Such direct deposits to exchanges during peak price activity are typically seen as strong signals of selling intent. Besides, the absence of masking structures highlighted the holder’s confidence in making the move publicly. This transparency is uncommon among large holders, who often use multiple wallets to obscure large transactions.

Moreover, the timing reinforced a familiar pattern seen during previous bull runs when Bitcoin whales offload assets as prices approach new highs. The visible nature of this move might indicate a strategic step to capitalize on the short-lived price surge before a potential correction.

Consequently, the action adds another chapter to Bitcoin’s dynamic trading landscape, where a single wallet can shift hundreds of millions within moments. It also reflects how swiftly market sentiment can shift when record prices meet decisive moves from major players.

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