Whale Deposits 1,727 BTC to Binance, ~$133M

Large exchange inflows are watched as a proxy for intent, but a deposit alone doesn't confirm a sale — it can equally precede over-the-counter settlement, collateral posting or a simple custody shift. What matters here is timing: a move of this size lands against whatever liquidity the book already holds, so the reaction in spot depth and funding is the more informative signal than the transfer itself. Whether the coins stay on the exchange or rotate back out is the open question.