Whale Buys 1,656 BTC for $98.93M at $59,734 Near June 5 Low, Up $3.5M in 48 Hours

A single whale purchased 1,656 BTC ($98.93M) at $59,734, close to bitcoin's June 5 intraday low near $59,100, and the position showed about $3.5M in paper gains within 48 hours as BTC rebounded toward $64,000. The coins were later transferred to Binance, a move often associated with potential selling or hedging, though it was not confirmed whether any sale occurred.