
Onchain data shows large withdrawals from Binance and Bybit, with combined BTC moves now exceeding $231 million, reflecting heightened activity across major crypto assets.
A newly created wallet recently withdrew 40,975 ETH worth $121.05 million from Binance, depositing it into Aave V3 before borrowing 63 million USDT. Previously, the same wallet moved $12.02 million in ETH, BNB, and USDT from Binance and Bybit. On December 29, blockchain monitoring revealed a new wallet withdrew 1,000 BTC valued at $87.3 million from Binance, bringing combined BTC withdrawals from new wallets today to 2,600 BTC, worth $231 million. These large transfers underline significant asset shifts from centralized exchanges to other destinations, including DeFi platforms.