A 12,000 BTC Move to Binance: What Whales Might Be Preparing For
When large wallets push that much BTC onto Binance in one burst, it usually happens when nerves are frayed. CryptoQuant’s data showed whale deposits to Binance spiking to about 12,000 BTC on Feb. 6, right as Bitcoin briefly slipped to roughly $60,000 before rebounding above $70,000. I don’t read that as instant selling pressure. Depositing to an exchange is more like putting tools on the table: you can sell, hedge, shift collateral, or simply wait with deep liquidity close by. With spot ETF flows and derivatives positioning turning choppy, that flexibility matters. The next tell is boring but decisive: do those coins actually fan out into the order book, or do they sit parked in wallets tied to the exchange? In a market this jumpy, the difference is everything. Not financial advice.
