The Bitcoin market has faced a severe downturn over recent weeks, with the cryptocurrency’s value dropping sharply from above $90,000 on January 28 to its lowest point in more than a year at $60,000 last Friday.
Although this decline is significant on its own, the overall market conditions have shown little improvement since then. Recently, Lookonchain highlighted another potential warning sign for investors.
Keep an eye on this whale!
In just two days, they moved 8,200 BTC (approximately $559 million) into Binance.
Every time this whale deposits BTC onto exchanges, the price tends to fall.
I alerted yesterday when they made a deposit — shortly after that action, BTC’s price dropped by over 3%. https://t.co/8D2y9MbfFn pic.twitter.com/IyjYXvW8sx
— Lookonchain (@lookonchain) February 13, 2026
The analytics firm revealed that an unidentified large holder transferred around 8,200 bitcoins worth nearly $560 million to Binance within just two days.
Following their latest deposit at the world’s biggest crypto exchange yesterday, Bitcoin’s price plunged roughly 3% in minutes—from close to $69K down to about $65K.
Lookonchain later reported that this whale kept moving additional BTC amounts into Binance—sending another batch exceeding 2,000 coins—likely signaling intentions to sell off holdings soon.
Moving such a huge amount of BTC (8,200 coins) onto exchanges isn’t random—it shows clear intent.
Larger inflows typically indicate distribution or hedging strategies underway.
The liquidity flow often reveals market moves before prices react. 👀📊
— Global Rashid (@globalrashid007) February 13, 2026
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Meanwhile, Binance recently finalized converting its entire SAFU fund valued at one billion dollars into bitcoin by acquiring about fifteen thousand BTC.
Strategy continues purchasing weekly but despite these efforts,
Bitcoin’s price struggles to make any substantial recovery.Increased volatility is anticipated later today following the release of US inflation data for January.