DefiLlama data shows Binance saw about $4.91bn in net outflows over 24 hours and $13.7bn over seven days, with assets near $128bn. Its BTC wallet fell by about 20,300 coins in a day to about 647,800 coins.
The story so far: Large BTC transfers from Binance
Whale Alert has reported several large BTC transfers from Binance to unknown wallets, which He Yi said were moves to a new Binance wallet. Onchain Lens tracked 21,750 BTC worth about $1.69bn moving between Binance cold and hot wallets. Whale Alert now reports 3,000 BTC, worth about $233m, moved from Binance…
Whale Alert says 5,000 BTC moved from Binance to an unknown wallet
Whale Alert reported that 5,000 BTC, worth about $399m, was transferred from Binance to an unknown wallet.
He Yi says address that received 2,000 BTC is a new Binance wallet
Binance co-founder He Yi said the receiving address in a 2,000 BTC transfer flagged by Whale Alert is a new Binance wallet, and the new withdrawal address is included in proof of reserves. Whale Alert had reported the roughly $156m transfer from Binance to an unknown wallet.
Whale Alert says 3,000 BTC moved from Binance to unknown wallet
Whale Alert reported that 3,000 BTC, worth about $234m, was transferred from Binance to an unknown wallet.
Yi He says most large transfers moved from Binance cold wallets to new hot wallet
Binance co-founder Yi He said most large transfers went from Binance cold wallets to the exchange's new hot wallet, replying to an X user who asked which whales were behind transfers worth hundreds of millions of dollars.
Yi He says new Binance hot wallet addresses may be counted as outflows
Binance co-founder Yi He said a Grok Bot estimate that Binance net outflows were within about $2bn appeared to count some of the exchange's new hot wallet addresses as outflows, and suggested cross-checking with multiple tools.
Binance moves 21,750 Bitcoin worth $1.69bn between cold and hot wallets
Onchain Lens tracked a transfer of 21,750 Bitcoin, worth about $1.69bn, between Binance's cold and hot wallets, from cold address 3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6. The move may be preparation to top up funds for users.
Binance sees $5.82bn net outflow in past 24 hours, DefiLlama data shows
DefiLlama data shows Binance recorded a net outflow of $5.82bn over the past 24 hours, while OKX drew a net inflow of about $411m. Robinhood and Bybit saw net inflows of roughly $222m and $158m respectively.
DefiLlama data shows Binance net outflows of $4.91bn in 24 hours
DefiLlama data shows Binance saw about $4.91bn in net outflows over 24 hours and $13.7bn over seven days, with assets near $128bn. Its BTC wallet fell by about 20,300 coins in a day to about 647,800 coins.
Whale Alert says 3,000 BTC moved from Binance to unknown wallet
Whale Alert reported that 3,000 BTC, worth about $233m, was transferred from Binance to an unknown wallet.
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