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23/10/25 23:45 UTC-04

Bitcoin Whale Resumes Activity, Moves 3,003 BTC to Binance

A well-known crypto whale known as “19D5” has become highly active on the network over the past two days. The whale previously sold a large portion of Bitcoin (BTC) to acquire Ethereum (ETH) and has been aggressively shorting on the Hyperliquid exchange.

Over the past 48 hours, the whale transferred more than 3,003 BTC, worth approximately $335 million, to Binance, a platform frequently used for large-scale transactions. Additionally, 651 BTC were sent to Hyperliquid, where 19D5 continues to hold a short position valued at $140 million.

At one point, the whale held over 100,000 BTC, but now owns around 39,000 BTC, worth roughly $4.25 billion. Analysts at CryptoQuant noted that this trader’s actions are unique and significant, as they often influence short-term market dynamics.

According to Lookonchain, another experienced trader with the wallet 0xdDc7, boasting an 80% win rate and a balance of $8.7 million, also opened a large short position on Hyperliquid.

Yesterday, the trader transferred 3 million USDC to the platform and opened a 40x leveraged short position worth $31.8 million (291 BTC). The trader has a verified record of over 20 successful high-risk trades on Hyperliquid, all with strong profitability.

The VanEck Research team views the prevailing bearish sentiment as a natural part of Bitcoin’s broader growth cycle. They interpret the October decline as a “mid-cycle reset driven by liquidity”, rather than the start of a prolonged bear market.

See also: "Polymarket users estimate XRP’s chance of reaching $4"

#Bitcoin (BTC) #Binance

Editor: Alyona Nabok
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