Large Binance withdrawals move 6,765 BTC and 40,000 ETH off exchange

Lookonchain reported two new wallets withdrew 6,765 BTC worth $441 million, while Ember, cited by Odaily Planet Daily, flagged a separate 40,000 ETH Binance outflow valued at about $76.67 million.

BTC

ETH

31d ago

Fact Check

Both components are independently verified. The original Lookonchain X post confirms two new wallets withdrew 6,765 BTC ($441.34M) from Binance on 2026-07-27, matching the claim's figures and attribution exactly. The 40,000 ETH withdrawal (~$76.67M) attributed to analyst Ember (EmberCN) and cited by Odaily Planet Daily is corroborated by three separate Chinese crypto outlets (Odaily, PANews, BlockBeats), all citing the same source tweet. These are on-chain observation reports rather than official Binance statements, but they are traceable to their named originating analysts and widely corroborated.

Summary

Binance recorded two notable crypto outflows flagged by on-chain monitors: Lookonchain said two newly created wallets withdrew 6,765 BTC worth $441 million, and on-chain analyst Ember, cited by Odaily Planet Daily, reported a separate withdrawal of 40,000 ETH worth about $76.67 million to an unidentified on-chain address. Both transfers moved assets off the exchange, but neither report identified the wallet owners or confirmed the motive. Market participants often watch such exchange outflows for signs of self-custody, treasury management, OTC settlement, or other positioning changes, though the transfers alone do not establish accumulation or a clear price signal.

Terms & Concepts

exchange outflows: Cryptocurrency moved off a trading platform to external addresses or wallets
self-custody: Holding crypto in a personal wallet rather than on an exchange
OTC: Over-the-counter trading done directly, outside public exchanges.