Binance recently announced that it will transfer loaded Bitcoin, and that it is an internal transfer.
Heavy BTC transfers can cause investors to be nervous from time to time. Binance previously stated that this transaction is a transfer between their own wallets and they are moving BTCs to the new cold wallet.
Binance added that the funds are safe.
Exchanges can replenish wallets from time to time. It is not yet known whether this anticipated transfer is part of the deal between Binance and the SEC.
Today, #Binance will be moving funds from our #BTC cold wallet to our new address – 1Pzaqw98PeRfyHypfqyEgg5yycJRsENrE7t.
If you see any significant movements of #BTC from our wallets today, that's why.
Funds are SAFU.
— Binance (@binance) June 19, 2023
