COINOTAG News, citing OnchainLens, reports that the wallet bc1qw initiated a substantial outbound transfer of Bitcoin—specifically 400 BTC, valued at about $35.18 million—from Binance to an external address. The single outflow underscores ongoing on-chain activity linked to major exchanges and custody workflows, highlighting how large BTC movements intersect exchange infrastructure.
In the last 48 hours, the same address has accumulated roughly 2,000 BTC, equating to about $177.23 million, per OnchainLens data. This sustained inflow adds to a broader pattern of sizable on-chain transfers and may influence near-term liquidity dynamics across crypto venues.
Analysts say the data sets create a clearer on-chain picture of BTC movement between exchanges and private wallets. While the motive behind these transfers is not disclosed, readers should monitor for further disclosures from on-chain analytics and exchange data to gauge evolving liquidity and custody trends.
Source: https://en.coinotag.com/breakingnews/bitcoin-wallet-bc1qw-withdraws-400-btc-from-binance-accumulates-2000-btc-in-48-hours
