Two new wallets withdrew a total of 1,600 BTC from Binance today, worth $144 million.

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Two newly created wallets withdrew a total of 1,600 BTC ($144 million) from Binance on December 29, according to on-chain monitoring data.

Large-scale BTC withdrawals from centralized exchanges are often closely watched as they can reflect self-custodial trends or asset reallocation, although current data only records outflows from exchanges.

MAIN CONTENT
  • A newly created wallet withdrew 1,000 BTC ($89.97 million) from Binance.
  • Two newly created wallets withdrew a total of 1,600 BTC ($144 million) in one day.
  • The data was recorded using the Onchain Lens monitoring tool.

BTC flows out of Binance on December 29th.

A newly created wallet just withdrew 1,000 BTC, equivalent to $89.97 million, from Binance; in total, two newly created wallets withdrew 1,600 BTC ($144 million) on the same day.

The transaction was recorded via Onchain Lens, showing a significant amount of BTC being transferred out of Binance. The available information does not specify the wallet address, time of day, or specific destination after withdrawal, only confirming the withdrawal size and that all wallets were newly created.

The total withdrawal of 1,600 BTC in a single day came from two wallets, suggesting a batch accumulation and withdrawal operation or a split of funds across multiple wallets. However, the original data does not provide context such as the purpose, whether the BTC was transferred to a Cold Storage, another exchange, or a custody service, so further inferences beyond the possibility of BTC leaving the exchange cannot be made.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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