Exchanges· ★★· neutral·

Matrixport-linked wallet deposits another 1,000 BTC to Binance, second time this week

  • —Wallet deposited 1,000 BTC worth $81.06 million to Binance on September 19
  • —Same wallet sent 1,400 BTC four days earlier
  • —Four-day total reached 2,400 BTC worth about $189 million
  • —Over 10,000 ETH were withdrawn from the exchange at the same time
Why it matters: Large institutional deposits to exchanges do not always signal selling — they can reflect derivatives collateral or OTC client flows.
#BTC#ETH
Source: Siam Blockchain
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