According to ChainCatcher and Lookonchain monitoring data, whale address bc1qhx purchased 2,500 BTC (worth approximately $202 million) at a price of $80,936 per BTC about one month ago. The address has now transferred the remaining 2,480 BTC (about $161 million) to cryptocurrency exchange Binance, incurring a book loss of over $39 million.
Based on the transfer value, the whale's average transfer price is approximately $64,919 per BTC, a decline of about 19.8% from the purchase price. This transfer moves nearly all of its holdings to the exchange, leaving the address balance extremely low. The on-chain operation involving a substantial loss was quickly captured and made public, reflecting the movements of large holders in the current market environment.
Large transfers of this magnitude often draw market attention; the actual sell order, if any, will need to be confirmed by subsequent on-chain data. Platforms like Lookonchain continuously monitor such moves, providing important references for investors.