Galaxy Digital transfers 4,500 BTC worth $288 million to Binance

According to on-chain analyst @ai_9684xtpa, Galaxy Digital has transferred 4500 BTC worth $288 million to Binance in the past 5 hours with an average deposit price of $64189.

The funds in this address come from two sources:

Address 1Byon...vRAWF withdrew 1042.5 BTC from the exchange at an average price of $65868 between 07.11 - 07.23;

Address bc1qez...ymy6k withdrew 4000 BTC from Coinbase two months ago at an average price of $66886;

Selling all of them would result in a loss of approximately $3.52 million.