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Whale deposits 4,000 BTC worth $327M to Binance and Deribit, signaling potential sell pressure.

Market News
23 Oct 2026
Tokenpost
View Source
Bearish
Whale deposits 4,000 BTC worth $327M to Binance and Deribit, signaling potential sell pressure.

A large Bitcoin holder transferred 4,000 BTC, valued at approximately $327 million, to the Binance and Deribit exchanges over five hours. These deposits indicate the coins are now available for trading, which could increase sell-side supply in the market. However, the transfer does not confirm that the BTC has been sold yet, only that it is positioned for potential sale. This move is significant as it may impact Bitcoin's price depending on whether the coins are sold.

Binance Coin (BNB) shows a market cap of Rp1.751,95 trillion and a 24-hour trading volume of Rp27,23 trillion on Pluang as of Oct 24, 2026 07:51 WIB. The platform's order activity leans slightly toward selling at 55%, with a typical hold time of 90 days. This trading environment provides context for the recent large Bitcoin deposits to Binance and Deribit, which could influence market supply dynamics.

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