Bitcoin Whale Garrett Jin Deposits 5,000 BTC to Binance Again

The movements of major investors in the Bitcoin (BTC) market are under close scrutiny.

On the evening of the 20th, the on-chain analysis platform Lookonchain reported that well-known whale Garrett Jin (also known as BitcoinOG1011short) deposited an additional 5,000 BTC (worth approximately 52 billion yen) to the cryptocurrency exchange Binance.

This significant deposit by Mr. Jin is strongly suspected by the market to be a preparation for liquidating positions, commonly referred to as a 'dump' or distress sale. Such a large-scale transfer to Binance could potentially exert substantial selling pressure...