Binance Attracts $20 Million Tether BTC Injection: Major Crypto Move Signals?

Recent activity in the crypto space has caught the attention of analysts as a significant Bitcoin transfer from a linked Tether wallet to Binance, has reached market watchers. The move involved 200 BTC (approximately $20.88 million), highlighting the interplay between institutional actors and cryptocurrency exchanges. On-chain data reveals this is not an isolated incident; since May 9th, the same Tether wallet has transferred a total of 1,650 BTC to Binance. This raises questions about the intentions behind these large transfers.