Exchanges· ★★★· neutral·

Binance cold wallet holds 248,598 BTC, the largest Bitcoin address

  • —Address 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo holds 248,598 BTC
  • —That equals 1.24% of Bitcoin's circulating supply in one wallet
  • —A second Binance cold wallet holds 172,000–175,000 BTC
  • —No outbound transfers from the top wallet since January 7, 2023
Why it matters: A holding this large tightens available liquidity, and any liquidation could significantly move Bitcoin's price.
#BTC
Source: Crypto Briefing
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