Dormant whale buys back BTC at lows, deposited to Binance a year ago at an average price of about $89,000

November 6th, according to Lookonchain monitoring, a Bitcoin whale that had been dormant for over a year withdrew 1,286 BTC from Binance today, priced at approximately $76,230, worth about $98.03 million.

This address had deposited 5,699 BTC into Binance more than a year ago, at an average price of about $89,291, totaling approximately $509 million. Compared to the previous deposit cost, the price corresponding to this withdrawal is significantly lower; the monitoring party states that the whale is buying back BTC at a lower price.