Crypto Whale Transfers 35,000 ETH to Binance, Repays $82.39 Million in Loans

On February 4, a significant cryptocurrency whale, identified by on-chain analytics as "BTC OG Insider," executed substantial transactions involving Ethereum. Over a seven-hour period, this entity transferred a total of 35,000 ETH, valued at approximately $78.31 million, to the Binance exchange. Concurrently, the whale repaid $82.39 million in outstanding loans. A portion of these funds, specifically 15,000 ETH worth $33.35 million, was explicitly deposited to Binance for loan repayment purposes, according to data from Onchain Lens, as reported by BlockBeats. These movements highlight notable activity within the crypto market, indicative of strategic asset management by large holders.