Dormant Whale Withdraws 1,286 BTC from Binance, Worth Approximately $98.03 Million

According to TechFlow, on November 6, Lookonchain monitoring showed that a whale address dormant for over a year withdrew 1,286 BTC from Binance today, worth approximately $98.03 million at the withdrawal price of $76,230. More than a year ago, the address deposited 5,699 BTC (approximately $509 million) to Binance at an average price of $89,291. At current prices, the buyback price is about 15% lower than the original deposit price, and Lookonchain said it is "buying back Bitcoin at a lower price."

Source: TechFlow