$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/

You may also like

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

Popular coins

Latest Crypto News

Read more