Matrixport-Linked Whale Withdraws $94 Million in Bitcoin from Binance

Matrixport-Linked Whale Withdraws $94 Million in Bitcoin from Binance

Matrixport's December 24th Bitcoin withdrawal from Binance follows a series of significant whale movements, including deposits and transfers totaling over $1 billion in December.

BTC

Fact Check
The statement is strongly supported by a convergence of high-quality evidence. The primary source of the information is Lookonchain, a reputable on-chain analytics firm, which directly reported that a specific wallet, previously funded by Matrixport, deposited 2,000 BTC (valued at ~$180M) to Binance. This core finding is consistently corroborated by multiple other independent sources, including crypto data platforms like CryptoRank and news outlets from exchanges like Phemex. These sources are all highly relevant and have medium-to-high authority.The few sources that do not support the claim are either completely irrelevant (discussing different tokens or general market reports) or have very low authority. For instance, one user-generated post on Binance Square and a random X post mention different or contradictory transactions, but their credibility is negligible compared to the professional on-chain analysis that forms the basis of the supporting reports. The overwhelming weight and quality of the consistent, corroborating evidence make the statement highly likely to be true.
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Summary

On December 24, Onchain Lens detected Matrixport withdrawing 1,090 BTC, valued at $94.7 million, from Binance. This follows earlier whale-linked transfers between Matrixport and Binance, including 5,000 BTC worth $434 million deposited on December 17, signaling ongoing large-scale movements of Bitcoin.

Terms & Concepts
  • BTC: Abbreviation for Bitcoin, a decentralized digital currency operating without a central bank.
  • Binance: A major global cryptocurrency exchange offering trading, investment, and blockchain services.