Whale sends 1,102 BTC ($74.21M) to Binance after buying 8 months ago at $117,770, locking in a $55.6M loss

A large Bitcoin holder deposited 1,102 BTC, worth about $74.21 million, to Binance today. The coins were accumulated roughly eight months ago at an average cost of $117,770 per BTC. Based on current value, the position reflects an estimated $55.6 million loss, or about 43%.