Tether Lending Collateral Wallet Deposits 200 BTC to Binance Amid Bitcoin’s Surge to $100,000

According to LookIntoChain data reported by COINOTAG News on June 7th, the Tether Lending Collateral Custody Wallet recently transferred 200 BTC, valued at approximately $20.88 million, to Binance. This transaction occurred just eight hours prior to the report. Since Bitcoin’s price surged to $100,000 on May 9th, the wallet has cumulatively moved 1,650 BTC, equivalent to $174.7 million, into Binance’s platform. Such significant inflows highlight ongoing liquidity adjustments within major crypto exchanges, reflecting strategic asset management amid volatile market conditions. This movement underscores the critical role of institutional wallets in influencing exchange reserves and potentially impacting Bitcoin’s market dynamics.