Bitcoin OG Deposits 500 BTC to Binance as BTC Price Tops $74,000

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. $36.4 million in Bitcoin shoveled to Binance by crypto OG Bitcoin outperforming stock market Advertisement On-chain data tracker Lookonchain has identified an old Bitcoin whale that has stirred after eight months of inactivity and moved an enormous amount of BTC to the world’s largest crypto exchange, Binance. $36.4 million in Bitcoin shoveled to Binance by crypto OG Lookonchain shared a chart by Arkham Research, showing the details of a large recent Bitcoin transfer to Binance made by a Bitcoin OG after remaining inactive for approximately eight months. The old whale shoveled 500 coins to the world’s most popular crypto exchange. A #Bitcoin OG wallet(1QLASn), deposited 500 $BTC ($36.39M) into #Binance 2 hours ago after 8 months of inactivity. https://t.co/Acywbr7qZr?from=article-links pic.twitter.com/tMPIkaafqg — Lookonchain (@lookonchain) March 5, 2026 Arkham reveals that this whale bought around 950 BTC eight months ago, likely at around $100,000 per coin. Now, the whale has 450 Bitcoins left in his wallet. This move suggests that the whale has decided to take profit after the fresh Bitcoin price surge to the $74,000 level or that he is simply repositioning his Bitcoin holdings amid Bitcoin’s 28% price decline since the purchase. Advertisement You Might Also Like Thu, 03/05/2026 - 07:49 Bitcoin Pioneer Nick Szabo Warns Against Using Blockchain for Messages By Gamza Khanzadaev HOT Stories Ex-Ripple Engineer: XRP Protocol Freeze Influenced Ethereum, Google Issues Scam Alert for iPhone Users, Shiba Inu (SHIB) Secures Binance Trading Expansion: Morning Crypto Report Hayes Issues Dire Warning About Bitcoin's Impressive Price Rally Bitcoin outperforming stock market Earlier this week, the world’s largest cryptocurrency demonstrated significant resilience, while the leading stock indexes, such as the Nasdaq and the S&P 500, flashed a substantial decline amid the current geopolitical situation in the Middle East. Bitcoin remained at the $65,000 level, while the stocks went down, taking a big dent. By now, BTC has rebounded, briefly reaching the $74,000 level after soaring by 9.48% within a single day, showing a decoupling from stocks. At the time of this writing, Bitcoin is changing hands at $72,629 per coin as the hopes of resolving the aforementioned geopolitical conflict have become high. The stock market has followed suit, going back into the green zone. Advertisement Meanwhile, some of the large Bitcoin holders — BTC mining companies with assets of more than $8 billion worth of Bitcoin — have begun actively selling their crypto holdings, according to Chinese crypto journalist and insider Colin Wu. As Bitcoin has fallen more than 40% from its roughly $126,000 peak in October last year, major mining companies holding more than $8 billion in BTC combined are showing signs of accelerating coin sales. Unlike previous downcycles, when sales were mainly used to cover operating… — Wu Blockchain (@WuBlockchain) March 5, 2026 As for Bitcoin treasury companies, they continue to accumulate BTC, increasing their long-term bet. In particular, Michael Saylor’s Strategy, the biggest among them, announced a large purchase of 3,015 BTC for approximately $204.1 million. The company now brags holding a total of 720,737 Bitcoin valued at $52,363,734,090. In a tweet that followed the purchase, Saylor announced that he was himself buying more Bitcoin. #Bitcoin #Binance #Cryptocurrency Whales