BTC Whale Moves $351 Million in Bitcoin to Binance in One Hour

BTC Whale Moves $351 Million in Bitcoin to Binance in One Hour

On-chain data reveals ongoing whale activity, with new withdrawals totaling nearly $200 million in BTC from Binance following previous large transactions.

BTC

Fact Check
The statement is overwhelmingly supported by a consensus of evidence from multiple, independent sources. The core facts of the transfer—approximately 5,000 BTC valued at $351 million being moved to the Binance exchange—are consistently reported across several platforms, including the high-authority crypto data platform RootData and financial news outlets like AInvest and Phemex. The RootData report is particularly strong evidence, as it explicitly states that 'a total of 5,000 BTC ($351M) was transferred to Binance within a one-hour period,' directly matching the claim. Multiple other reports from the MEXC exchange corroborate the amount and value, strengthening the claim's credibility. While one source mentions a 'two-hour period' instead of one, this is a minor discrepancy that does not invalidate the core assertion that a transfer of this magnitude occurred within a very short timeframe. The primary sources listed are the official channels for Whale Alert, the definitive tracker for such transactions. The fact that multiple secondary sources are reporting this event strongly implies the data originated from Whale Alert, lending significant authority to the claim. The source mentioning a different transaction of $395 million is irrelevant to this specific assessment. The weight of consistent evidence makes the statement highly likely to be true.
Summary

On February 7, a BTC whale moved 3,401 BTC worth $238.7 million into Binance, later reaching 5,000 BTC valued at $351 million within an hour. Recently, a new whale address withdrew 2,156 BTC worth $151.21 million from Binance, adding to an earlier 630 BTC withdrawal valued at $44.31 million, for a total of 2,786 BTC worth $195.39 million. These large-scale transactions between wallets and exchanges are closely watched for their potential impact on market liquidity and volatility.

Terms & Concepts
  • BTC Whale: An individual or entity holding large amounts of Bitcoin, capable of influencing market movements through significant transactions.
  • On-chain Transaction: A cryptocurrency transfer recorded directly on the blockchain, ensuring transparency and immutability.