Bitcoin whale who lost $250M sends 5,000 BTC worth $351M to Binance, reviving market focus after a recent liquidation event.
A Bitcoin whale who faced a $250 million loss last week has returned to on-chain activity with a major transfer.
Blockchain data shows that an entity sent 5,000 Bitcoin, worth about $351 million, to Binance.
The move has drawn attention because it follows a sharp liquidation event and places a large amount of Bitcoin on a centralized exchange.
On February 7, 2026, blockchain monitoring services tracked a transfer of 5,000 Bitcoin to Binance.
The transfer took place over a two-hour period. At the time, the Bitcoin holdings were worth about $351 million.
Large transfers to exchanges are closely followed because they place assets in an active trading environment.
Binance is one of the largest exchanges by volume. Funds moved there can be used for spot trades, derivatives, or internal account adjustments.
After the transaction, the sending wallet retained 799 Bitcoin. The remaining balance was worth nearly $55.9 million. The partial transfer shows the entity kept some holdings off exchanges.
Analysts have linked the sending wallet to an address labeled “1011short” on public analytics platforms.
Records show that the address was created in early 2013. This places it among wallets formed during Bitcoin’s early years.
Older wallets often draw interest when they become active again. Their long transaction history is visible on the public ledger.
Because of this, changes in their behavior are widely shared across tracking tools.
There has been no official statement confirming the owner of the wallet. Observations rely only on on-chain data and transaction timing.
Analysts continue to monitor the address for further movements.
Related Reading: Analyst Claims Wall Street Derivatives Are Driving Bitcoin’s Decline
The recent Bitcoin transfer comes shortly after a major loss on the trading platform Hyperliquid.
The wallet owner was liquidated on a large Ethereum long position. The position moved against the trader during a volatile period.
Reports estimate the loss at about $250 million. At one point, the account balance reportedly fell to roughly $53.
The event gained attention due to the size of the position and the speed of the liquidation.
Sending Bitcoin to Binance may serve several purposes. Traders can use funds on exchanges to settle losses or support new trades.
At the time of writing, no confirmed data shows that anyone has sold the Bitcoin. Market analysts continue to watch exchange flows and on-chain activity for updates.
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