This is the same cold wallet that made significant Bitcoin transactions previously.
This move is connected to the Proof-of-Reserve Audit, Binance CEO “CZ” said afterward.
On Monday, the price of Bitcoin (BTC) dropped sharply, falling below the $16.5k support level. Bitcoin’s price is expected to drop to $14,500 before confirming a bottom, according to analysts. On the other hand, other analysts think the BTC price may recover from its present low using information from previous bear markets.
On November 28th, Whale Alert tweeted about a $2.06 billion transfer of 127,351 BTC from the cryptocurrency exchange Binance to an unidentified wallet. Concerns were voiced in the crypto community regarding the motivations behind the large-scale withdrawal of Bitcoin from Binance.
Part of Proof-of-Reserve Audit
According to Lookonchain, all 127,351 BTC were successfully moved by Binance from a cold wallet to a fresh wallet address. There is no longer any value in the Binance cold wallet. The
We współpracy z: https://thenewscrypto.com/binance-transfers-over-2-billion-worth-bitcoin-to-new-wallet/
