In a transfer that attracted attention in the crypto markets, Bitcoin and Ethereum worth approximately $900 million in total were sent to the Binance exchange through a large wallet. The movement followed on the Arkham platform indicates that a major portfolio change has occurred in the market.
Transfer Details
Arkham, the blockchain analysis platform that has become widely known lately, revealed with data that two large transfers, totaling nearly 900 million dollars, were transferred from the wallet in question to Binance addresses: 5,000 Bitcoin (approximately 348.8 million dollars) and 261,025 Ethereum (approximately 543.3 million dollars). It was also observed that 144.4 million USDT was withdrawn from the wallet during the transfers. This suggested that there might be a repositioning for active portfolio management purposes, not just passive storage.
Features of the Building and Directions
Another striking factor in the transfers was that Ethereum transactions did not go directly to the exchange address, but were first routed through some addresses associated with Aave and then delivered to Binance. According to records, numerous transactions worth 69,378 Ethereum (approximately $144.4 million), 96,117 Ethereum (approximately $200 million), and 95,527 Ethereum (approximately $198.8 million) were gradually moved from the wallet to Binance accounts. This detail shows that the move was not made singularly and directly, but with a structured and gradual portfolio management strategy.
Remaining Crypto Assets and Portfolio Distribution
Despite the large-scale transfers, the same wallet continues to hold 20,661 Bitcoin (approximately $1.45 billion) and 547,720 Ethereum (approximately $1.15 billion). This signals that the wallet owner has not completely exited the market, but has made a significant reweighting of his portfolio by moving some of the liquidity to the Binance exchange.
Effects of Transfer on the Market
Such large transfers in the markets generally raise concerns about selling pressure in the short term. The fact that the transactions took place when Bitcoin was at $ 70,000 and Ethereum was at $ 2,090 also caused increased interest. According to analysis, the $70,000 band for Bitcoin and $2,080–2,100 band for Ethereum stand out as important short-term liquidity zones. If the wallet owner starts selling the assets transferred to the exchange, these price levels may face a serious test.
According to Arkham’s analysis, regarding these transfers, it was evaluated that “the owner of the large wallet moved a significant part of his assets to the exchange account, but still continues to own a significant amount of Bitcoin and Ethereum.”
In addition, it was stated that transfers alone do not mean a definitive sale. Although moving crypto assets to the stock market increases the likelihood of sales, such moves can also serve various purposes such as portfolio rotation, partial profit taking or collateral update.
For now, it remains unclear whether the wallet owner will sell or not. The market carefully monitors possible price fluctuations and liquidity effects following these asset movements.
