Markets· ★★★· bearish·

2,797 BTC worth about $228M deposited to Binance

  • —CryptoQuant flagged an inbound transfer of 2,797.74 BTC
  • —The transfer is valued at about 305.8 billion won (~$228 million)
  • —Exchange inflows are usually seen as a potential sell signal
  • —No confirmation that the coins were actually sold
Why it matters: A large BTC inflow to Binance could weigh on prices if the coins are sold.
#BTC
Source: Bloomingbit
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