$2.35 Billion in BTC Moved From Binance: Should Investors Be Alarmed?

By: bitcoin ethereum news|2025/05/02 21:15:01
0
Share
copy
TL;DR The short and most probable answer to the question in the title is – no. On-chain data suggests that the transfer was internal, even though some community members believed it was whales withdrawing, while others speculated that it could be some sort of hack. As the graph above demonstrates, the massive transfer took place on April 25 at block #893894, in which 25,177 BTC, valued at over $2.35 billion at the time, was moved from one of the exchange’s known wallets. CryptoQuant’s analyst Maartunn explained that such a sizeable transfer is “important to track because this size can affect market perception of traders, and the liquidity on exchanges.” X users were quick to comment below the post, with some speculating about whales removing massive portions of their BTC holdings out of the world’s largest centralized exchange to cold wallets. There could be some merit to this claim as whales have been accumulating in large portions lately. However, others brought some fear to the market, claiming that Binance might have become a victim of a hack, similar and even bigger than the one against Bybit from earlier this year. CryptoQuant’s analysis quickly refuted both theses, indicating that the move was most probably an internal transfer. “While the size of the transaction raised questions, all evidence suggests this was an internal movement, not a user withdrawal.” Maartunn noted that the confirmation will be evident in Binance’s proof of reserves report, which was scheduled to be released on May 1. However, the paper has not been published as of press time. Nevertheless, there seems to be little to no actual reason to worry, at least given the currently available information. BTC’s price was also largely unaffected by the transfer, as it’s actually up by a few grand from April 25. LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin! Source: https://cryptopotato.com/2-35-billion-in-btc-moved-from-binance-should-investors-be-alarmed/

-- Price

--

You may also like

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Overview of Important Market Events on June 23

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]