A whale reportedly linked to Garrett Bullish moved 6,318 BTC to Binance as mid-February inflows topped 10,900 BTC across major exchanges.
A large Bitcoin transfer drew market attention after a whale, moved 6,318 BTC to Binance.
The transaction, valued at about 424.86 million USD, was one of the largest identifiable inflows recorded in early 2026 and it occurred during a period of elevated movement across major exchanges.
Large Mid-February Transfers Draw Attention
Whale tracking platforms recorded several high-value transfers during mid-February 2026.
These included movements ranging from 6,318 BTC to more than 8,000 BTC in related transactions.
The combined activity amounted to more than 10,900 BTC moved to exchanges over three days.
Analysts say these transfers often draw attention because they can precede sharp market moves.
Data shows that such large deposits represent part of a broader pattern.
Exchange inflows rose across multiple platforms during the same period as several large wallets shifted funds.
Market watchers monitored these movements due to their timing during a period of higher trading activity.
Although the 6,318 BTC transaction drew the most attention, other transactions exceeded 500 million USD in value.
These transfers suggest coordinated behavior or preparation for market events. Whale tracking services noted that this volume stood out among early 2026 inflows.
Possible Reasons for the BTC Transfer
Analysts outline several scenarios that could explain the transfer. One possibility is that the entity may plan to sell or take profits.
The timing aligns with a period when Bitcoin saw price strength earlier in the month.
Some analysts say profit-taking can occur when whales decide to secure gains from long-held positions.
Another scenario involves preparation for over-the-counter sales. OTC transactions allow whales to sell large amounts without placing pressure on the spot market.
In some cases, whales send BTC to an exchange as part of settlement processes or coordinated OTC arrangements. A third scenario points to potential derivatives activity.
Whales sometimes use Bitcoin as collateral for large trades, and transferring BTC to an exchange can support futures or options positions.
Traders often move assets in this manner when preparing for periods of higher volatility.
Related Reading: Bitcoin Whales Accumulate 104,000 BTC: What’s Next?
Broader Whale Activity Across the Market
Blockchain data shows that while some whales transferred funds to exchanges, others accumulated large amounts.
Wallets holding between 10,000 BTC and 100,000 BTC increased their balances during February 2026.
These wallets have added more than 70,000 BTC since the start of the month.
This pattern indicates that whale behavior has been mixed. Some large holders appear to be distributing, while others continue to expand their positions.
Analysts continue to monitor which pattern becomes dominant as the month progresses.
Additional reports show that more than 10,900 BTC moved to exchanges across several large transactions during the same week.
This suggests that broader repositioning may be taking place. Analysts say the combined inflows give a clearer picture of market behavior than any single transaction.
Source: https://www.livebitcoinnews.com/6318-btc-moved-to-binance-is-this-whale-signaling-a-major-shift/
