While nearly 160,000 Bitcoin (BTC) exits were experienced from Binance, the world’s largest cryptocurrency exchange, the authorities announced a cold wallet arrangement.
in the Bitcoin network intensity Binance’s withdrawals due to to his ice cream the largest amount ever from the exchange’s wallets in parallel. 4.5 billion worth a dollar 160 thousand bitcoin output it happened. In the first stage, this historical event, which frightens investors, data With the explanations from Binance and the disclosure of on-chain data to clarity got it.
According to on-chain analytics platform CryptoQuant Sunday, May 7 in Binance’s Bitcoin wallets three big changes it happened. First from wallets 117,359 BTCAfter exiting 10,036 BTCentry and 40.184 BTCOutput seen.
About subject explanation By doing so, Binance expects significant Bitcoin inflows and outflows. A cold wallet arrangement containing more than 150,000 BTC stated that. stock market, assets safe highlighted that:
Some data Binance We are aware that there is a large amount of output from. This output is actually movements between Binance hot and cold wallets due to Bitcoin address adjustments.
After these statements, Bitcoin exits from Binance continued. in the last case 2 days from Binance in the period 193 thousand Bitcoins exit occurred. to the stock market only 13 thousand Clear while Bitcoin entry is seen Bitcoin output 180k it happened. Bitcoin output in Binance experienced with this problem on the network has not been recorded until now. represents the biggest is doing.
Binance, on the network intensity Bitcoin withdrawals were made yesterday due to twice had to stop. CEO CEO Changpeng Zhao (CZ) interpreted this as a bullish signal.
