TL;DR
- Whale wallet deposited 8,200 BTC, about $559 million, into Binance over two days in 48 hours, and analysts say such inflows often precede selling.
- After a prior deposit, bitcoin dropped more than 3% within minutes, sliding from nearly $69,000 to about $65,000 as traders de-risked.
- Despite Binance converting $1 billion SAFU into about 15,000 BTC and Strategy buying weekly, CPI-linked volatility keeps markets sensitive to exchange flows.
Bitcoin’s mood has stayed heavy for weeks, with the asset sliding from above $90,000 on Jan. 28 to a one-year low near $60,000 last Friday. A single whale wallet again is being treated as the market’s near-term supply shock. Analysts say the address has been pushing sizeable chunks of BTC onto Binance, a setup desks often read as pre-positioning for distribution. Over the past two days, the wallet deposited 8,200 BTC worth about $559 million.
You need to watch this whale!
Over the past 2 days, he has deposited 8,200 $BTC($559M) into #Binance.
Every time he deposits $BTC, the price drops.
Yesterday, I warned when he made a deposit — and soon after, $BTC dropped over 3%.https://t.co/8D2y9MbfFn pic.twitter.com/IyjYXvW8sx
— Lookonchain (@lookonchain) February 13, 2026
Binance Inflows Keep Traders Wary
Lookonchain framed the flow as a repeatable trigger: whenever the wallet deposits, the spot tape tends to follow lower. Each Binance inflow is being priced as immediate sell-side risk, not a neutral transfer. After the previous deposit, bitcoin slid more than 3% within minutes, suddenly dropping from nearly $69,000 to about $65,000. Traders noted the move looked like forced de-risking rather than a slow drift, reinforcing how sensitively markets are reacting to big exchange deposits.
The pattern did not stop with the headline number. The whale kept feeding the exchange with fresh size, keeping sentiment pinned to the downside. In a follow-up update, observers said the same wallet sent another batch of more than 2,000 BTC to Binance. That adds to the 8,200 BTC total in roughly 48 hours. The timing matters because bitcoin has materially struggled to regain traction after the early-February drawdown, leaving little cushion for flow-driven shocks.
Notably, the broader ecosystem has also seen structural bids, but they have not flipped the narrative. Even large, public purchases are struggling to overpower concentrated distribution signals. Binance has completed converting its $1 billion SAFU reserve into bitcoin, acquiring roughly 15,000 BTC. Strategy has also kept up its weekly buying cadence. Yet bitcoin’s recovery has stayed uneven across spot markets globally, suggesting fresh supply arriving on exchanges is canceling out supportive headlines.
With macro catalysts looming, the wallet has become a de facto sentiment indicator. Ahead of U.S. January CPI data, traders are bracing for whipsaw and tighter risk limits. The market-watch note said volatility could spike once inflation prints, and the whale’s activity adds a fresh layer of event risk. If another price dip follows a deposit, the “flow leads price” narrative will strengthen again. If not, some desks may treat the signal as increasingly exhausted.
