On October 5th, Bitcoin soared to an unprecedented peak of $123,200. Shortly thereafter, a notable transaction nearly matched this milestone. The wallet identified as “3NVeX” executed two substantial transfers totaling 1,550 BTC: initially dispatching 800 BTC followed by another batch of 750 BTC. Both transactions were directed straight to Binance and collectively valued at just under $200 million based on market rates.
Once the transactions settled, the wallet’s balance dwindled to slightly over 1 BTC. In less than sixty minutes, what was once a nine-figure holding had diminished dramatically.
🚨 🚨 🚨 🚨 🚨 800 #BTC (100,021,730 USD) transferred from unknown wallet to #Binancehttps://t.co/V3BF66Ybqm
— Whale Alert (at) @whale_alert — October 5, 2025
Binance emerged as the destination for this entire operation. Blockchain explorers confirmed that the deposit tags were associated with Binance accounts, leaving no ambiguity about their intended target.
The transaction trail revealed no internal diversions or intermediary addresses—an uncommon direct deposit of such magnitude without additional obfuscation techniques employed.
Bitcoin Price Analysis
The price trajectory played a crucial role in understanding these movements. Bitcoin had climbed to $125,559 before retreating back to $122,900—a scenario that led to this significant withdrawal event. This context highlights how major transfers frequently coincide with heightened market activity when record-breaking prices prompt decisive actions from large stakeholders.
A single address executing two massive transactions worth $200 million only for its balance to plummet almost entirely illustrates perfectly how whales operate: not covertly nor incrementally but rather openly during pivotal moments when Bitcoin achieves new heights in value.