A significant insider whale has expanded its short position and deposited 3,003 Bitcoin to Binance, amounting to a total value of $338 million. This move indicates a strategic shift in trading behavior, as the whale appears to be betting against market trends. The deposit of Bitcoin to Binance marks a notable transaction within the cryptocurrency exchange, underscoring the whale’s confidence in a downward market movement. Such large-scale deposits and adjustments to short positions can influence market dynamics and investor sentiment.
