The latest report by on-chain tracker Whalewire shows Binance is experiencing unusual Bitcoin outflows over the past 24 hours, the highest in its history. Whalewire reported that over 162,000 BTC, worth more than $4.5 billion, left the exchange in a day.
The tracker believes something fishy is ongoing with Binance, as the crypto exchange has halted withdrawals three times today and has been offline for several hours. According to Whalewire, Bitcoin volume has plunged over 65% over the last 30 days.
162,000 BTC Moved In a Day, WhaleWire ReportsBinance, the largest cryptocurrency exchange, has been relatively stable and resilient amid several ups and downs in the crypto industry. However, the recent observation leaves one speculating if something fishy is going on with the exchange.
BREAKING: #Binance outflow data confirms largest withdrawal in it's history, over 162,000 $BTC has left the exchange, valued at over $4.6 Billion.
Are Whales/Insiders jumping ship?
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Tue, 18 Apr 2023