Binance sees largest Bitcoin inflow since SEC lawsuit

quick take

  • Binance yesterday recorded an inflow of nearly 3,500 bitcoins ($66 million), the largest since the SEC lawsuit.
  • The incident raises questions as to why the big whale deposited so much bitcoin, even though the exchange is currently facing a lawsuit with the SEC.
  • Nearly 40,000 Bitcoins have been expelled from Binance since the lawsuit began. However, this is a relatively small amount considering the exchange currently holds around 663,000 bitcoins (approximately $17.35 billion).
Netflow: (Source: Glassnode)
Binance Exchange: (Source: Glassnode)
Binance Exchange: (Source: Glassnode)

Post Binance has recorded the largest bitcoin inflow since the SEC lawsuit first appeared on CryptoSlate.

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