Bitcoin fell 3% the last time this whale made a substantial deposit. Is another decline coming?
While this is a painful drop in itself, the state of the broader market hasn’t improved much since then and Lookonchain has just published another potential sell signal.
You have to see this whale!
In the last two days he has deposited 8,200 $BTC($559 million). #Binance.
Every time he dumps $BTCthe price drops.
Yesterday I warned when he made a deposit – and shortly afterwards, $BTC down more than 3%.https://t.co/8D2y9MbfFn pic.twitter.com/IyjYXvW8sx
— Lookonchain (@lookonchain) February 13, 2026
The analytics firm noted that the unknown whale had transferred 8,200 BTC (worth approximately $560 million) to Binance in the last two days alone.
Shortly after their previous deposit on the world’s largest exchange, the cryptocurrency’s price fell 3% within minutes yesterday, from almost $69,000 to $65,000.
In the next post, Lookonchain added that the whale continued to transfer BTC to Binance and sent another batch of over 2,000 units with the likely intention of selling.
8,200 BTC in exchanges is not noise – it is the intention.
Large inflows often indicate distribution or hedging.
Liquidity tells the story before price does. 👀📊
— Global Rashid (@globalrashid007) February 13, 2026
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Binance, on the other hand, just completed the conversion of its entire $1 billion SAFU fund into bitcoin by purchasing approximately 15,000 BTC. Furthermore, Strategy continues to make weekly acquisitions, but the price of BTC is not recovering in a meaningful way.
More volatility is expected later today when US January CPI figures are released.
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