Binance Transfers $130 Million in Bitcoin Amidst Persistent Outflows

A significant Bitcoin transaction of approximately $130.62 million has emerged from Binance’s cold wallet, raising questions about internal fund allocation. This move comes amidst ongoing outflows of Bitcoin from the exchange, suggesting a focus on long-term holding strategies. The price of Bitcoin (BTC) dipped to $108.8K, with increasing trading volume indicating cautious but active market participation.