PANews reported on August 21st that according to Ember's monitoring, a whale/institution holding 10,606 BTC (approximately $1.21 billion) sold 670 BTC (approximately $76.38 million) in the past 20 hours. They also used $58.5 million in USDC via four wallets to go long on 69,983 ETH in the $4,300-4,333 range, a position valued at approximately $301 million. The institution initially withdrew 14,837 BTC from Binance and HTX in 2018, partially having sold some of it.