In recent on-chain activities, a large investor or institution, who moved about 7,790 BTC to Binance between June 27 and July 8 with an average price of roughly $60,113 per BTC, appears to be taking new actions. According to on-chain analyst Ashen's monitoring, this market participant known as 'the Whale', withdrew 1,000 BTC from the Binance platform within the last 50 minutes, at a market price of approximately $59,634 per BTC. This means that the total value of this withdrawal was around $59,634,000. Prior to this, the Whale extracted 6,725 BTC from Binance and OKX at an average price of approximately $65,077 each on June 20-21, and then transferred another 7,790 BTC to Binance at an average price of $60,113 each between June 27 and July 8. This suggests that the Whale may have experienced a loss of approximately $38,660,000 during these series of operations.