Bitcoin Withdrawals: Matrixport Moves 3,805 Bitcoins Worth $352.5M From Binance in 24 Hours
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COINOTAG News, referencing LookIntoChain’s on‑chain watch, flagged a substantial 24‑hour move in the Bitcoin network: Matrixport withdrew 3,805 BTC from Binance, a transfer valued at roughly $352.5 million.
The move illustrates ongoing liquidity management and cross-exchange activity among large crypto operators, with LookIntoChain delivering timestamped, address-level visibility that informs market participants.
Details on destination wallets were not disclosed, and there is no confirmed implication for market pricing from this single large withdrawal.
As custody solutions, audit trails, and on-chain analytics gain traction, such movements underscore the role of independent trackers for investors.
Market participants should monitor related liquidity flows and custody disclosures as institutions optimize reserve strategies amid evolving regulatory signals and inflationary concerns.