Whale loses over $6 million on BTC sell-off to Binance as Deribit perpetuals show strong bullish funding

A significant BTC whale, , initiated a substantial sell-off of 200 BTC to Binance, realizing a loss of over $6 million. This bearish on-chain activity coincided with a positive funding rate outlier for BTC-PERPETUAL on Deribit, indicating a strong bullish sentiment in the perpetuals market despite the whale's selling pressure. Concurrently, Deribit also experienced both positive and negative options anomalies across various BTC expirations, suggesting a divergence in options market sentiment or increased volatility expectations.