22828 Binance Moves Massive Amount of Crypto in Multiple Transactions!

Binance Moves Massive Amount of Crypto in Multiple Transactions!

– Binance has recently made two large transfers, involving 2.37 billion USDT and 1.49 million ETH.
– The reason and motive behind the transfers are as yet unknown, although they occurred after Binance resolved a temporary suspension of withdrawals.
– Some speculate that the transfers may be related to the earlier suspension.
– There is also current speculation surrounding a possible Ethereum ‘Merge’ event.
– In preparation for this event, Genesis analysts say they have seen a strategy involving the holding of Ether on-chain, hedging with Ether futures, and borrowing Ether during the transition.
– There is also evidence of institutional capital being deployed on futures and options markets in preparation for the event.

 

Leave a Reply

%d bloggers like this: