Certainly! Here’s a creatively re-expressed version of the article:
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**Crypto News Update: Institutional Whale’s $114 Million Bitcoin Transfer Causes Market Stir**
In a notable market move, an institutional whale recently transferred $114 million worth of Bitcoin to Binance, triggering a significant impact on BTC prices. Starting the week on a positive note, Bitcoin surged to $63,800 before market activities pushed it back to $62,500.
The large-scale BTC transfer by the institutional entity precipitated a drop below $63,000, fueling concerns among investors about potential sell-offs. According to Spot on Chain, the whale deposited 1,800 BTC to Binance just before the price dipped from $63,800 to $62,000. This followed a withdrawal of 6,725 BTC valued at $437 million from Binance and OKX between June 19-21, acquired at an average price of $65,000. Currently, the whale holds 7,868 BTC valued at $496 million.
Spot on Chain also highlighted the whale’s recent activities, including a transfer of 3,481 BTC worth $217 million to Binance at $62,300 over the past five days, suggesting a propensity towards BTC sales. Experts cautioned that if BTC prices rebound, the whale might capitalize on the opportunity to sell large quantities, potentially intensifying market volatility and further price declines.
**Bitcoin’s Market Evaluation by CryptoQuant CEO**
Commenting on the current market scenario, CryptoQuant CEO Ki Young Ju described Bitcoin’s recent movements as “boring” but emphasized the opportunity it presents for market entry. Despite reduced volatility and subdued interest from buyers and sellers, Ju noted that the current phase is conducive for whales to accumulate BTC. He reiterated confidence in the ongoing bull cycle, asserting that a period of market inactivity represents an advantageous buying opportunity.
As of the latest update, Bitcoin trades at $62,500. For those interested in exploring investment options across more than 300 cryptocurrencies, Binance offers a 20% commission discount through this [link](https://www.binance.com).
*Disclaimer: This article does not constitute investment advice.*
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