Crypto Whale Moves $129M to Binance Amid Key Macro Events
- On Oct. 15, a $129 million transfer from the "Hyperunit" trading entity to Binance was detected.
- Hyperunit, managing over $10 billion in crypto assets, previously profited from shorting Bitcoin after Trump announced tariffs on Oct. 10.
- The move led to $19 billion in crypto futures contracts being liquidated, reducing the sector's market cap by 9%.
- Speculation suggests this transfer may be linked to upcoming macro events like the US Fed rate decision on Oct. 29 and the ongoing US Government Shutdown.
- At press time, Bitcoin's price was around $111,400, fluctuating between $110,235 and $113,622.38.
- Bitcoin's open interest fell to $72 billion as traders anticipate macroeconomic volatility.
- Bitcoin traded at $111,169, down 1.62%, lagging behind the S&P 500 for three sessions.
- The Hyperunit wallet's activity might cause traders to reduce leverage, given its previous accurate predictions.
- Coinglass data shows a 32.77% drop in Bitcoin futures volume, with a bearish long-to-short ratio of 0.99.
- The Best Wallet presale surpassed $16.5 million, targeting the $26 billion custodial wallet market with multi-chain support and high-security features.
Token trades at $0.026 are ongoing through the official Best Wallet website.