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New Wallet Withdraws 2,000 Bitcoin Worth $140.08 Million From Coinbase

New Wallet Withdraws 2,000 Bitcoin Worth $140.08 Million From Coinbase

According to Ember, a wallet withdrew another 348.3 BTC from Binance, bringing its nine-day accumulation to about 1,720.2 BTC worth roughly $120 million at an average entry price of $69,527.

BTC

Fact Check
The transaction is well-documented by multiple reputable blockchain tracking and news services, including Lookonchain and BlockBeats. The specific wallet address (3CziMF), amount (2,000 BTC), and date (March 11) are consistent across all sources.
Summary

Ember reported that a wallet withdrew 348.3 BTC from Binance, valued at about $24.55 million at the time of the transfer. Over the previous nine days, the same address had bought and withdrawn about 1,720.2 BTC worth roughly $120 million, with an estimated average entry price of $69,527. This adds a new Binance-linked accumulation update to the broader pattern of large exchange outflows into external wallets.

Terms & Concepts
  • Wallet: A blockchain address or application used to store and transfer digital assets.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • Bitcoin withdrawal: A transfer of Bitcoin from an exchange to an external wallet, often watched for signs of custody shifts.